Philippine Airlines (PAL) is considering cutting its widebody fleet as the pandemic continues to impact business. The carrier will reduce its Airbus A350 and Boeing 777 fleet over the coming months by returning them to lessors. Let’s find out more about these fleet reductions.
According to Bloomberg, Philippine Airlines is currently planning a “comprehensive restructuring plan” that could see it enter Chapter 11 bankruptcy in the US as well. The plan will see PAL substantially scale back its long-haul fleet as demand for that segment seems unlikely to fully recover for a few years.
The fleet changes will see a minimum of two A350s and up to four 777s return to lessors in the coming months. PAL is currently in talks with multiple lessors to work out agreements for keeping on or returning their fleet.The two A350s are reportedly already in the process of being returned to lessors and being redeployed to other carriers. This means PAL will only operate four A350-900s, down from six at the start of last year.
The larger 777 fleet could be reduced even more. PAL currently operates 10 777-300ERs, which means the airline could be left with six at the end of the restructuring. This would inevitably mean axing long-haul routes once travel resumes
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