Options On Two More; Will Lease Another Two Planes From GECAS

Philippine Airlines (PAL) picked an appropriate way to celebrate its 66th anniversary this week: it ordered two Boeing 777-300ER (Extended Range) commercial airplanes, with purchase rights for two additional 777-300ERs.

PAL -- the national flag carrier of the Phillipines -- is a long-time Boeing customer, and currently operates five Boeing 747-400s and three Boeing 737-300/-400s. PAL mounted its first flight on March 15, 1941 and has been operating longer than any other airline in Asia. It's route network that spans 24 foreign cities and 18 domestic destinations.

"The acquisition of the Boeing 777-300ER allows PAL to expand direct services between the Philippines and the United States," said Jaime J. Bautista, president of Philippine Airlines. "Our passengers will also benefit from the higher level of comfort and amenities that this high-technology aircraft brings."

Separately, PAL has signed a letter of intent with GE Commercial Aviation Services (GECAS) to lease two Boeing 777-300ER aircraft.

"The Boeing 777-300ER is a great choice for Philippine Airlines, giving Asia's first commercial airline the most efficient airplane in the 300-to-400 seat segment, and offering its passengers the highest levels of comfort and reliability," said Rob Laird, vice president - Greater China Sales, Boeing Commercial Airplanes.

FMI: www.boeing.com