Skift Take
The airline is still recovering from losses earlier this year, but with the help of a new stakeholder was able to purchase the jets that the airline believes is needed to foster a growing demand for overseas flights.
Flag-carrier Philippine Airlines signed a $7-billion deal on Tuesday to buy 54 Airbus jets as part of an ambitious plan to overhaul its fleet to meet higher demands for transporting passengers and cargo in Asia, the Middle East and Australia, airline officials said.
PAL President Ramon Ang said the first batch of about a dozen wide-body A330-300s and A321s would be delivered in January while the rest of the aircraft would be put in service in t
