PAL orders 9 Airbus A350-1000 jets worth $3.3 billion

Philippine Airlines (PAL) has officially signed a deal with Airbus to acquire nine A350-1000 long-range aircraft, with a listed price of $366.5 million each, totaling approximately $3.3 billion.

This acquisition is part of PAL's Ultra Long Haul Fleet project, aimed at enabling non-stop flights from Manila to various destinations in North America, including the East Coast of the US and Canada, and potentially Europe.

The A350-1000 aircraft can accommodate 380 passengers across three classes: business, premium economy, and economy.

PAL President and COO Capt. Stanley Ng stated that the new aircraft will allow the airline to operate one of the youngest and most modern widebody fleets in Asia, matching capacity to demand on long-haul routes.

Ng also highlighted the A350-1000's fuel efficiency, which will lead to a reduction in carbon emissions compared to older aircraft.

PAL Holdings President and COO Lucio Tan III described the A350-1000 as the carrier's "Mission Aircraft" designed to connect the world and stimulate economic growth.