Philippine Air may buy Boeing planes worth $1.5 billion

07 Dec, 2006

Philippine Airlines (PAL) will buy up to six Boeing 777-300ER planes for $1.5 billion, the airline's president said on Wednesday. President Jaime Bautista told reporters the company had signed a firm order for two planes for delivery in 2010 and that the airline had purchase rights for another two planes for delivery between 2011 and 2012.

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