Philippine Airlines expected to reduce fleet size

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  • AMcWhirter
    Participant

    I did add to page 16 of the thread below:

    The fall of the dominoes

    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.

    https://www.bloomberg.com/news/articles/2021-05-14/philippine-air-mulling-chapter-11-in-talks-to-reduce-its-fleet

    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.


    cwoodward
    Participant

    I did add to page 16 of the thread below:

    The fall of the dominoes

    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.

    https://www.bloomberg.com/news/articles/2021-05-14/philippine-air-mulling-chapter-11-in-talks-to-reduce-its-fleet

    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.

    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.

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