The latest order follows PAL’s planned acquisition of 15 Boeing 787 Dreamliners as the flag carrier expands its long-haul international fleet.
The deal includes an option to acquire five more aircraft as PAL prepares to expand its network through a long-term fleet modernization program.
Investor demand exceeds PAL’s target by 4.5 times as the flag carrier secures fresh funding for expansion and fleet modernization.
Fitch assigns ‘BB’ rating with Stable Outlook, citing market leadership, cost discipline, and recovery since 2021 restructuring.
Airline rejects claims it was barred from Philippine flights, says operations remain normal despite CAAP payment deadline notice.
