MANILA, March 25 Philippine Airlines (PAL)
said it is looking to buy 20 Boeing 777X jets as
part of a re-fleeting programme aimed at challenging its main
domestic rival Cebu Air Inc and launching flights to
the United States and Europe.
The jet, which is still in the development stage, is
envisioned to be an improvement on Boeing's existing 777 models
intended for long-haul service.
PAL, owned by Philippine conglomerate San Miguel Corp
and local billionaire Lucio Tan, also sealed deals last
year to buy Airbus jets with list prices totalling
close to $10 billion.
"It depends on the price. We are looking at the new Boeing
777X. We may buy 10 and, if it performs well, we'll exercise an
option for 10 more," PAL President Ramon Ang told reporters on
"That's larger, can carry 400 passengers with longer range,"
Ang said. "The new 777, they call it X because it's lightweight,
has bigger wings, newer engine," Ang added, without giving any
PAL wants to add 100 new jets to its current fleet of around
40 planes in the next five to seven years as it reshapes its
business. In August last year, Airbus won a $7 billion order
from PAL, beating Boeing to a deal marked by diplomatic