Boeing secures $3.4B Philippine Airlines deal after 20 years

Philippine Airlines announced an order to purchase 15 Boeing 787-10 aircrafts, with an approximate value of up to $3.4 billion if all aircrafts are bought, along with rights to purchase an additional 5 aircrafts. The deal aims to modernize the airline's fleet and strengthen its capabilities for long-haul flights, with deliveries starting from 2031. This comes as part of a plan to expand its international routes. This deal marks a strong return for Boeing after nearly 20 years of absence from Philippine Airlines' orders, and it is among the largest orders for wide-body aircrafts, highlighting the fierce competition between Boeing and Airbus in the market for these planes.

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