News
Philippine Airlines boosting capital expenditure and expanding fleet
March 20th 2023
PAL Holdings Inc., the parent company of Philippine Airlines (PAL), has confirmed the comments of the airline's president, Captain Stanley Ng, that the carrier will double capital expenditure in 2023 compared with the previous year. Read More » At an event marking the Philippines flag carrier's 82nd anniversary, Ng said PAL is working to reactivate seven parked aircraft by end 2023 and operate 75 working aircraft. He added PAL might add more wide-body orders to its fleet plans. Ng is optimistic the airline will turn a profit in 2023 after some positive first quarter results, media reports. “We are pleased to confirm the statements attributed to Capt. Stanley K. Ng, president of Philippine Airlines are consistent with the goals of the company to improve its business,” PAL Holdings Inc. said in response to a query from the Philippines Stock Exchange.
