Philippine Airlines expected to reduce fleet size
Back to Forum- This topic has 5 replies, 2 voices, and was last updated 9 Sep 2021
at 08:16 by cwoodward.
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AMcWhirterParticipantI did add to page 16 of the thread below:
I would agree with ‘cwoodward’ that Philippine Airlines (PAL) is too important to fail if and when it enters Chapter 11.
Like Thai Airways for Thailand PAL is vital to the nation’s economy considering the size of its tourist market.
However I am posting this because Bloomberg [paywall may apply] reports that a number of its long-haul aircraft would be removed from the fleet if it were to enter Chapter 11.
These would be at least two A350s and four B777s which are PAL’s flagship long-haul aircraft.
Why is this significant ?
Because with fewer long-haul aircraft PAL would have to reduce the size of its long-haul network.
16 May 2021
at 16:08
cwoodwardParticipant[postquote quote=1100098]
I believe not by a lot Alex if at all as some of the aircraft were earmarked for future planned expansion most of which was already announced. The aircraft in question are currently parked
If the mentioned return of aircraft goes ahead this would leave the airline with 4 X A350s and 6 X B777 aircraft plus 15 youngish long haul A330s and 20 + A321s
I see little significance in the handing back of a few currently unused leased aircraft as most of the worlds larger airlines have been doing exactly the same thing
The fleet is a young one of currently some 70 aircraft and more than enough appropriate capacity to service the current route network for at least the next couple of years.
I see the airline just announced a new route to Israel.18 May 2021
at 02:12
AMcWhirterParticipantToday’s news from Germany is that Lufthansa is set to acquire four A350s from PAL (Philippine Airlines).
The news comes via Aerotelegraph.com [DE]
These A350s are intended to strengthen the Lufthansa fleet.
Last September CEO Carsten Spohr hinted that his airline was considering acquiring more A350s.
12 Jul 2021
at 14:29
AMcWhirterParticipantI wanted to update this thread as PAL has now filed for US Chapter 11.
PAL aims to reduce fleet size by up to 25 per cent.
6 Sep 2021
at 14:48
cwoodwardParticipantIt seems that PAL was not expecting to return to pre pandemic operational levels until mid 2024 given the very bad and expected long term lock down situation in the Philippines that is the cause of the financial stress.
After returning the remaining 18 effected aircraft the airline will have a fleet of 70 relatively young aircraft.
Given the deep pockets of the ownership, the governments interest in keeping it running and the part ownership by ANA the restructuring and future of the airline looks to me fairly solid.9 Sep 2021
at 08:16 -
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