The Philippine star
December 18, 2012
PEOPLE By Joanne Rae M. Ramirez
It was an “OH!” moment, both for the country and for Philippine Airlines (PAL).
It was a first, as PAL, the first Asian carrier to cross the Pacific (1946) and the first Asian carrier as well to fly to Europe (1947), made Philippine history anew as the first local airline to fly non-stop to Toronto, the largest city in Canada and its financial capital.
Toronto, the gateway to the magnificent Niagara Falls in Canada, and home to the biggest Filipino population (estimated at 200,000) in that country, is PAL’s 26th international destination.
PAL president and CEO Ramon S. Ang noted with pride that the new service, “establishes the flag-carrier’s presence in the North American East coast after 15 years.”
PAL’s maiden flight to Toronto last Nov. 30 officially kicked off the flag carrier’s route expansion plans with more exciting destinations scheduled next year. (PAL sources say the first of the European destinations will be London.)
The 15-hour, non-stop Manila-Toronto service uses PAL’s new long-range Boeing 777-300ER, whose two engines are the largest and most powerful in the world. They can easily cover the 13,230 kilometers between Manila and Toronto non-stop.
The fuel-efficient, wide-body jet features ergonomically designed Recaro seats with individual in-flight entertainment systems. Its in-flight fusion menu includes specialties from world-renowned chefs, including Filipino chefs Glenda Barretto (pork humba) and Jessie Sincioco (estofado) as well as arroz caldo, gourmet tuyo and spicy sardines.
When the PAL B777 landed at Toronto’s Pearson airport, some passengers noted how Filipino airport personnel on the tarmac started waving and taking photos of the aircraft, the Philippine tricolor proudly emblazoned on its tail.
For me, who took the second inaugural flight on Dec. 2, it was a choke-up moment as well, as national pride surged through me.
PAL’s sunny smile shone through freezing Toronto and good weather prevailed, literally and figuratively, throughout the inaugural festivities the airline prepared for its guests, who included tourism and transport officials, businessmen, tour operators and members of media.
***
Toronto is the financial capital of Canada and the fifth most populous city in North America. Nearly all of the world’s culture groups are represented in Toronto, making it a multicultural convergence point for more than 4.5 million people with more than 80 different nationalities and over 100 dialects spoken. The Filipino-Canadian community is the third largest Asian-Canadian group, with the Indian and Chinese communities ranking first and second in size.
According to Ang, “The opening of this new gateway is a response to public clamor, most especially from the Filipino-Canadian community in Toronto.”
PAL country manager in Toronto Allan Coo says from Toronto, passengers may just take a short flight across the border to NYC.
To me, Toronto is a cleaner, less frenzied New York City, where you have the buzz of a financial hub and the calm of a city that still retains its pristine natural beauty. It boasts the longest street in the world (Yonge) and the CN Tower — the fifth tallest free-standing structure on land and in the world and the third tallest free-standing tower. It is Toronto’s national icon and an engineering wonder.
Toronto is also the gateway to the magnificent Horseshoe Falls of the Niagara Falls (the biggest of Niagara’s three falls, the other two being the American Falls and Bridal Veil Falls) that straddle the international border between the Canadian province of Ontario and the US state of New York.
This was one of the biggest “OH” moments of my life — beholding the 16-story-high falls (173 feet), a silvery green horseshoe-shaped water curtain whose thunderous drop on the river courts mist so thick and so refreshing the mist seems like a geyser in itself.
If only to see, feel, taste and hear the Niagara’s Horseshoe Falls — Toronto is worth the 15-hour flight (on a B777, you won’t really think it’s long).
An OH moment is certainly worth a journey of a thousand miles.
Tuesday, December 18, 2012
PAL to undertake capital restructuring
The Philippine star
December 18, 2012
By Lawrence Agcaoili
MANILA, Philippines - National flag carrier Philippine Airlines (PAL), a unit of publicly-listed PAL Holdings Inc., is beefing up its capital stock to accommodate the entry of diversified conglomerate San Miguel Corp. (SMC) and pursue its aggressive re-fleeting program involving the acquisition of 100 aircraft.
PAL Holdings assistant corporate secretary Cecilia Pesayco informed the Philippine Stock Exchange (PSE) that PAL has filed an application with the Securities and Exchange Commission (SEC) to undertake a capital restructuring program.
Initially, Pesayco said the airline would decrease its authorized capital stock to P4 billion consisting of 20 billion shares with a par value of P0.20 per share from P16 billion composed of 20 billion shares with a par value of P0.80 per share
She pointed out that PAL would also implement a five-fold increase in authorized capital stock to P20 billion divided into 100 billion shares with a par value of P0.20 per share from P4 billion composed of P0.20 per share.
PAL Holdings raised its authorized capital stock to P23 billion from P20 billion last June 27 to accommodate the entry of diversified conglomerate San Miguel Corp. (SMC) in the airline controlled by taipan Lucio Tan.
PAL Holdings’ majority shareholder, Trustmark Holdings Corp., subscribed to the increase in authorized capital as well as certain unissued shares of PAL Holdings equivalent to 85 billion common shares worth P17 billion.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1
Last April, Trustmark Holdings entered into investment agreements with a unit of SMC wholly-owned subsidiary San Miguel Equity Investments Inc. (SMEII) for the acquisition of a 49 percent interest in PAL Holdings.
SMC infused $500 million to buy into PAL and affiliate budget carrier Air Philippines Corp. (AirPhil) through its 49 percent interest in PAL Holdings
The investment was made through SMEII. Under the agreement, Trustmark and Zuma Holdings and Management Corp. -the holding companies of PAL and AirPhil – would issue new shares to SMEII.
PAL is in the middle of a massive refleeting program wherein it intends to acquire 100 aircraft. It entered into a $7 billion deal with Toulouse-based EADS in August to acquire 54 new Airbus aircraft consisting of 34 A321ceo, 10 A321neo, and 10 A330-300s that would be delivered starting next year.
The airline also exercised an option to acquire 10 more wide-bodied planes in another contract worth about $2.5 billion last September.
PAL currently maintains and operates 39 aircraft comprising of five Boeing B747-400s and three B777-300ERs as well as four Airbus A340-300s, eight A330-300s, 15 A320-200s, and four A319-100s.
PAL president and chief operating officer Ramon S. Ang earlier told reporters that the airline is in the midst of negotiations for the acquisition of the remaining 35 aircraft.
PAL is set to mount flights to Turkey, Kuwait, and Cambodia next year as it awaits the lifting of the ban imposed on domestic carriers by the European Union and the US Federal Aviation Authority (FAA) due to safety issues.
December 18, 2012
By Lawrence Agcaoili
MANILA, Philippines - National flag carrier Philippine Airlines (PAL), a unit of publicly-listed PAL Holdings Inc., is beefing up its capital stock to accommodate the entry of diversified conglomerate San Miguel Corp. (SMC) and pursue its aggressive re-fleeting program involving the acquisition of 100 aircraft.
PAL Holdings assistant corporate secretary Cecilia Pesayco informed the Philippine Stock Exchange (PSE) that PAL has filed an application with the Securities and Exchange Commission (SEC) to undertake a capital restructuring program.
Initially, Pesayco said the airline would decrease its authorized capital stock to P4 billion consisting of 20 billion shares with a par value of P0.20 per share from P16 billion composed of 20 billion shares with a par value of P0.80 per share
She pointed out that PAL would also implement a five-fold increase in authorized capital stock to P20 billion divided into 100 billion shares with a par value of P0.20 per share from P4 billion composed of P0.20 per share.
PAL Holdings raised its authorized capital stock to P23 billion from P20 billion last June 27 to accommodate the entry of diversified conglomerate San Miguel Corp. (SMC) in the airline controlled by taipan Lucio Tan.
PAL Holdings’ majority shareholder, Trustmark Holdings Corp., subscribed to the increase in authorized capital as well as certain unissued shares of PAL Holdings equivalent to 85 billion common shares worth P17 billion.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1
Last April, Trustmark Holdings entered into investment agreements with a unit of SMC wholly-owned subsidiary San Miguel Equity Investments Inc. (SMEII) for the acquisition of a 49 percent interest in PAL Holdings.
SMC infused $500 million to buy into PAL and affiliate budget carrier Air Philippines Corp. (AirPhil) through its 49 percent interest in PAL Holdings
The investment was made through SMEII. Under the agreement, Trustmark and Zuma Holdings and Management Corp. -the holding companies of PAL and AirPhil – would issue new shares to SMEII.
PAL is in the middle of a massive refleeting program wherein it intends to acquire 100 aircraft. It entered into a $7 billion deal with Toulouse-based EADS in August to acquire 54 new Airbus aircraft consisting of 34 A321ceo, 10 A321neo, and 10 A330-300s that would be delivered starting next year.
The airline also exercised an option to acquire 10 more wide-bodied planes in another contract worth about $2.5 billion last September.
PAL currently maintains and operates 39 aircraft comprising of five Boeing B747-400s and three B777-300ERs as well as four Airbus A340-300s, eight A330-300s, 15 A320-200s, and four A319-100s.
PAL president and chief operating officer Ramon S. Ang earlier told reporters that the airline is in the midst of negotiations for the acquisition of the remaining 35 aircraft.
PAL is set to mount flights to Turkey, Kuwait, and Cambodia next year as it awaits the lifting of the ban imposed on domestic carriers by the European Union and the US Federal Aviation Authority (FAA) due to safety issues.
Thursday, December 13, 2012
PAL to mount more int’l flights
The Philippine Star
December 13, 2012
By Lawrence Agcaoili
MANILA, Philippines - National flag carrier Philippine Airlines (PAL), a joint venture between taipan Lucio Tan and diversified conglomerate San Miguel Corp. (SMC), is set to mount flights to Turkey, Kuwait, and Cambodia next year amid its ambitious refleeting program.
In separate petitions filed before the Civil Aeronautics Board (CAB), PAL sought the green light from the government regulator to fly to Istanbul, Turkey; State of Kuwait; and Phnom Penh, Cambodia next year.
It has filed an application for designation as Philippine official carrier and allocation of entitlements to Istanbul in accordance to the existing Bilateral Air Services Agreement and Confidential Memorandum of Understanding entered into by both the Philippines and Turkey in February 2010.
PAL intends to mount flights between Manila and Istanbul three times weekly using either Boeing 777 or Airbus A330-300 starting August next year.
The airline also filed an application for allocation of entitlements to Kuwait where it intends to fly seven times a week starting the summer of 2013. The Philippines and Kuwait entered into a Confidential Memorandum of Understanding in Feb. 2009.
On the other hand, the national flag carrier is seeking a confirmation of its designation as Philippine carrier and reallocation of entitlements to Phnom Penh, Cambodia in accordance with existing Air Service Agreement signed last April and the Confidential of Memorandum of Understanding signed last September 2009.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1
The airline intends to mount flights between Manila and Phnom Penh using Airbus A320 starting end-March next year.
President Aquino has signed EO 29 authorizing the CAB and the Philippine air panels to pursue more aggressively the international civil aviation liberalization policy.
To boost the country’s competitiveness as a tourism destination and investment location, the government decided to pursue more aggressively a liberalization policy in international aviation through the grant of third, fourth and fifth freedom rights and unrestricted capacities and frequencies to foreign air carriers, among others.
PAL is in the middle of a massive refleeting program wherein it intends to acquire 100 aircraft. It entered into a $7 billion deal with Toulouse-based EADS in August to acquire 54 new Airbus aircraft consisting of 34 A321ceo, 10 A321neo, and 10 A330-300s that would be delivered starting next year.
The airline also exercised an option to acquire 10 more wide-bodied planes in another contract worth about $2.5 billion last September.
PAL currently maintains and operates 39 aircraft comprising of five Boeing B747-400s and three B777-300ERs as well as four Airbus A340-300s, eight A330-300s, 15 A320-200s, and four A319-100s.
SMC through San Miguel Equity Investments Inc. controls about 49 percent of Trustmark Holdings of PAL after infusing $500 million. Trustmark and affiliate Zuma Holdings own PAL Holdings and sister airline AirPhil Express.
December 13, 2012
By Lawrence Agcaoili
MANILA, Philippines - National flag carrier Philippine Airlines (PAL), a joint venture between taipan Lucio Tan and diversified conglomerate San Miguel Corp. (SMC), is set to mount flights to Turkey, Kuwait, and Cambodia next year amid its ambitious refleeting program.
In separate petitions filed before the Civil Aeronautics Board (CAB), PAL sought the green light from the government regulator to fly to Istanbul, Turkey; State of Kuwait; and Phnom Penh, Cambodia next year.
It has filed an application for designation as Philippine official carrier and allocation of entitlements to Istanbul in accordance to the existing Bilateral Air Services Agreement and Confidential Memorandum of Understanding entered into by both the Philippines and Turkey in February 2010.
PAL intends to mount flights between Manila and Istanbul three times weekly using either Boeing 777 or Airbus A330-300 starting August next year.
The airline also filed an application for allocation of entitlements to Kuwait where it intends to fly seven times a week starting the summer of 2013. The Philippines and Kuwait entered into a Confidential Memorandum of Understanding in Feb. 2009.
On the other hand, the national flag carrier is seeking a confirmation of its designation as Philippine carrier and reallocation of entitlements to Phnom Penh, Cambodia in accordance with existing Air Service Agreement signed last April and the Confidential of Memorandum of Understanding signed last September 2009.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1
The airline intends to mount flights between Manila and Phnom Penh using Airbus A320 starting end-March next year.
President Aquino has signed EO 29 authorizing the CAB and the Philippine air panels to pursue more aggressively the international civil aviation liberalization policy.
To boost the country’s competitiveness as a tourism destination and investment location, the government decided to pursue more aggressively a liberalization policy in international aviation through the grant of third, fourth and fifth freedom rights and unrestricted capacities and frequencies to foreign air carriers, among others.
PAL is in the middle of a massive refleeting program wherein it intends to acquire 100 aircraft. It entered into a $7 billion deal with Toulouse-based EADS in August to acquire 54 new Airbus aircraft consisting of 34 A321ceo, 10 A321neo, and 10 A330-300s that would be delivered starting next year.
The airline also exercised an option to acquire 10 more wide-bodied planes in another contract worth about $2.5 billion last September.
PAL currently maintains and operates 39 aircraft comprising of five Boeing B747-400s and three B777-300ERs as well as four Airbus A340-300s, eight A330-300s, 15 A320-200s, and four A319-100s.
SMC through San Miguel Equity Investments Inc. controls about 49 percent of Trustmark Holdings of PAL after infusing $500 million. Trustmark and affiliate Zuma Holdings own PAL Holdings and sister airline AirPhil Express.
Wednesday, December 5, 2012
PAL planning up to 14 weekly Toronto flights
Business World
December 5, 2012
By Jeffrey O. Valisno
Toronto, Canada - Flag Carrier Philippine Airlines (PAL) plans to increase flights to Toronto to as many as 14 a week, following its inaugural direct flight from Manila on Friday last week.
During the press conference here on Monday, PAL Vice-President for Marketing Support Felix J. Cruz said consumer response to the airline's newly launched non-stop Manila-Toronto flight has been "very overwhelming".
"The thrice-a-week schedule of the Manila-Toronto flight has been fully booked since we launched the service using our brand new Boeing 777-300 ER (Extended Range)," Mr. Cruz said. "Because of this, we thought of adding more flights to cater to the growing clientele," he addded.
The Manila-Toronto route now has flights every Wednesday, Friday and Sunday that leave the Terminal 2 of the Ninoy Aquino International Airport at 3 p.m.
Mr. Cruz said that, starting next month, PAL will add four more flights to Canada's larget city. These will be 15-hour direct flights from Manila to Toronto every Monday, Tuesday, Thursday and Friday also at 3 p.m., the airline official said.
"The return flights of these new schedules will have brief stop-overs in Vancouver from Toronto before flying back to Manila," he added.
Mr. Cruz said PAL plans to double these flight frequencies to as many as twice a day or up to 14 times a week if demand for the Manila-Toronto route continues to increase.
Toronto is PAL's 27th international route and 46th destination overall. The flight to Toronto marks the airline's return to the eastern part of North America in 15 years.
Mr. Cruz said Canada is among the top 10 sources of foreign visitors to the Philippines, with 96,000 Canadian passport-holders visiting the Philippines last year. Mr. Cruz said government tourism officials have expressed confidence that the target of 120,000 Canadian visitors a year will be breached by yearend.
Mr. Cruz said PAL expects delivery of its fifth Boeing 777-300 ER by April next year, which the airline intends to use for its planned direct flights to Darwin, Australia.
"Darwin will be the third PAL destination in Australia after Sydney and Melbourne," Mr. Cruz said.
Meanwhile, he said PAL is scheduled to implement its "Book and Buy" scheme with Petron Corp. within the next two weeks.
Under the said scheme, tourists can pay for their PAL domestic and international tickets in any of Petron gas station, initially in Metro Manila.
"We are also currently working on a partnership with 7-Eleven to allow customers to pay to the convenience store cashiers for the PAL tickets they purchased online," he added.
December 5, 2012
By Jeffrey O. Valisno
Toronto, Canada - Flag Carrier Philippine Airlines (PAL) plans to increase flights to Toronto to as many as 14 a week, following its inaugural direct flight from Manila on Friday last week.
During the press conference here on Monday, PAL Vice-President for Marketing Support Felix J. Cruz said consumer response to the airline's newly launched non-stop Manila-Toronto flight has been "very overwhelming".
"The thrice-a-week schedule of the Manila-Toronto flight has been fully booked since we launched the service using our brand new Boeing 777-300 ER (Extended Range)," Mr. Cruz said. "Because of this, we thought of adding more flights to cater to the growing clientele," he addded.
The Manila-Toronto route now has flights every Wednesday, Friday and Sunday that leave the Terminal 2 of the Ninoy Aquino International Airport at 3 p.m.
Mr. Cruz said that, starting next month, PAL will add four more flights to Canada's larget city. These will be 15-hour direct flights from Manila to Toronto every Monday, Tuesday, Thursday and Friday also at 3 p.m., the airline official said.
"The return flights of these new schedules will have brief stop-overs in Vancouver from Toronto before flying back to Manila," he added.
Mr. Cruz said PAL plans to double these flight frequencies to as many as twice a day or up to 14 times a week if demand for the Manila-Toronto route continues to increase.
Toronto is PAL's 27th international route and 46th destination overall. The flight to Toronto marks the airline's return to the eastern part of North America in 15 years.
Mr. Cruz said Canada is among the top 10 sources of foreign visitors to the Philippines, with 96,000 Canadian passport-holders visiting the Philippines last year. Mr. Cruz said government tourism officials have expressed confidence that the target of 120,000 Canadian visitors a year will be breached by yearend.
Mr. Cruz said PAL expects delivery of its fifth Boeing 777-300 ER by April next year, which the airline intends to use for its planned direct flights to Darwin, Australia.
"Darwin will be the third PAL destination in Australia after Sydney and Melbourne," Mr. Cruz said.
Meanwhile, he said PAL is scheduled to implement its "Book and Buy" scheme with Petron Corp. within the next two weeks.
Under the said scheme, tourists can pay for their PAL domestic and international tickets in any of Petron gas station, initially in Metro Manila.
"We are also currently working on a partnership with 7-Eleven to allow customers to pay to the convenience store cashiers for the PAL tickets they purchased online," he added.
Monday, December 3, 2012
PAL to increase flights to Toronto
Business Mirror
December 3, 2012
Written by Lenie Lectura
TORONTO, Canada—Philippine Airlines (PAL) is increasing its Toronto flights starting next year.
PAL just launched non-stop, thrice-a-week flights between Manila and Toronto on November 30, giving the flag carrier a direct link to Canada’s largest city and its first gateway on the vital East Coast of North America in 15 years. The new service kicks off the peak Christmas travel season, one of the busiest periods in the Philippine travel calendar.
On the return journey, Vancouver-Manila will have a dedicated product four times weekly along with a shared service from Toronto three times weekly. Toronto-Manila, therefore, will be a one-stop service via Vancouver.
The new service triggers a revamp of PAL’s Canadian operation. From November 30, the current daily service between Manila and Vancouver, British Columbia, on Canada’s West Coast, will be revised to four times weekly from Manila to Vancouver alternating with a three-times-weekly non-stop from Manila to Toronto.
Starting January 16, 2013, the Toronto flights will increase to four times a week with stopovers at Vancouver. On March 10, 2013, the service will become daily, with the addition of three non-stop flights every week.
PAL is utilizing its new, long-range Boeing 777-300ER, which seats 42 in business class and 328 in economy class, on the 15-hour, non-stop flight to Toronto. The luxurious wide-body jet is especially designed for such intercontinental journeys. Its two GE 90-115BL engines—the largest and most powerful ever built—can readily cover the 13,230 kilometers between the two cities non-stop. Toronto is now PAL’s 27th international destination and 46th overall.
PAL is also considering increasing flights to the United States and returning to Europe. However, this is not possible at the moment as the Philippines is still placed in the Category 2 status by the US Federal Aviation Administration (FAA) International Aviation Safety Assessment Program.
The Philippines has been on the Category 2 list since 2008 as a result of deficiencies identified in the Universal Safety Oversight Audit program of the International Civil Aviation Organization.
The downgrade happened after a safety audit conducted in November 2007 found a total of 23 deficiencies in the Philippines’s air industry regulations. Thus, the country was placed in Category 2 status. As a result, it is the airlines that suffer because they are barred from expanding operations in the United States.
Soon after, the European Union (EU) also raised significant safety concerns that resulted in the banning of Philippine carriers from landing in European airports. The Philippines has also been on the EU banned list since 2010.
PAL President Ramon S. Ang said the flag carrier is eagerly awaiting the lifting of the Category 2 status so it can implement plans to expand operations.
“If the Category 2 is lifted by the FAA we will fly next to New York and other major cities like London, Rome and Paris. We still have to patiently wait for the lifting [of the status],” he told reporters.
In line with its plans to mount long-haul flights, PAL is in talks with Boeing and Airbus for new aircraft.
“We are still in talks with them to acquire long-range aircraft. The first batch which we acquired is mostly for regional destinations [while] the next batch will be mostly for long-haul flights,” added Ang.
December 3, 2012
Written by Lenie Lectura
TORONTO, Canada—Philippine Airlines (PAL) is increasing its Toronto flights starting next year.
PAL just launched non-stop, thrice-a-week flights between Manila and Toronto on November 30, giving the flag carrier a direct link to Canada’s largest city and its first gateway on the vital East Coast of North America in 15 years. The new service kicks off the peak Christmas travel season, one of the busiest periods in the Philippine travel calendar.
On the return journey, Vancouver-Manila will have a dedicated product four times weekly along with a shared service from Toronto three times weekly. Toronto-Manila, therefore, will be a one-stop service via Vancouver.
The new service triggers a revamp of PAL’s Canadian operation. From November 30, the current daily service between Manila and Vancouver, British Columbia, on Canada’s West Coast, will be revised to four times weekly from Manila to Vancouver alternating with a three-times-weekly non-stop from Manila to Toronto.
Starting January 16, 2013, the Toronto flights will increase to four times a week with stopovers at Vancouver. On March 10, 2013, the service will become daily, with the addition of three non-stop flights every week.
PAL is utilizing its new, long-range Boeing 777-300ER, which seats 42 in business class and 328 in economy class, on the 15-hour, non-stop flight to Toronto. The luxurious wide-body jet is especially designed for such intercontinental journeys. Its two GE 90-115BL engines—the largest and most powerful ever built—can readily cover the 13,230 kilometers between the two cities non-stop. Toronto is now PAL’s 27th international destination and 46th overall.
PAL is also considering increasing flights to the United States and returning to Europe. However, this is not possible at the moment as the Philippines is still placed in the Category 2 status by the US Federal Aviation Administration (FAA) International Aviation Safety Assessment Program.
The Philippines has been on the Category 2 list since 2008 as a result of deficiencies identified in the Universal Safety Oversight Audit program of the International Civil Aviation Organization.
The downgrade happened after a safety audit conducted in November 2007 found a total of 23 deficiencies in the Philippines’s air industry regulations. Thus, the country was placed in Category 2 status. As a result, it is the airlines that suffer because they are barred from expanding operations in the United States.
Soon after, the European Union (EU) also raised significant safety concerns that resulted in the banning of Philippine carriers from landing in European airports. The Philippines has also been on the EU banned list since 2010.
PAL President Ramon S. Ang said the flag carrier is eagerly awaiting the lifting of the Category 2 status so it can implement plans to expand operations.
“If the Category 2 is lifted by the FAA we will fly next to New York and other major cities like London, Rome and Paris. We still have to patiently wait for the lifting [of the status],” he told reporters.
In line with its plans to mount long-haul flights, PAL is in talks with Boeing and Airbus for new aircraft.
“We are still in talks with them to acquire long-range aircraft. The first batch which we acquired is mostly for regional destinations [while] the next batch will be mostly for long-haul flights,” added Ang.
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