Lucio Tan's Philippine Airlines Plans Up to 34 Aircraft

Philippine Airlines, controlled by Lucio Tan, has ordered up to 34 aircraft from Boeing and Airbus to modernize its fleet. The airline committed to purchasing 15 Boeing 787-10 Dreamliners with options for five more, scheduled for delivery between 2031 and 2034, and signed a memorandum to buy nine Airbus A350-1000 jets with options for five. The deals, totaling potentially over $12 billion, aim to enhance PAL’s long-haul operations and support its fleet expansion following its post-bankruptcy recovery.

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