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Philippine Airlines orders 15 Boeing 787s

Created at 20 Jul · 12:58 PM1 source↑ Market-relevant
IN SHORT

Philippine Airlines confirmed a firm order for 15 Boeing 787-10 Dreamliner jets, with options for five more. The deal, including GE Aerospace GEnx-1 engines, is valued at approximately $3.4 billion if all options are exercised. Deliveries are scheduled to commence in 2031.

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Key Numbers

15firm orders for Boeing 787-10s
5purchase rights for additional aircraft
$3.4 billionestimated deal value if all options exercised
2031delivery start year

Who's Involved

Philippine Airlines
airline placing order for Boeing 787s
Boeing
manufacturer of the 787-10 aircraft
GE Aerospace
supplier of GEnx-1 engines
IBA Group
aviation advisory company providing deal valuation

↳ Why This Matters

This substantial aircraft order signals Philippine Airlines' commitment to expanding its long-haul capabilities and modernizing its fleet, potentially impacting future route development and passenger capacity.

Key facts

  • Philippine Airlines placed a firm order for 15 Boeing 787-10 aircraft.
  • The airline holds purchase rights for an additional five Boeing 787s.
  • The aircraft will be equipped with GE Aerospace GEnx-1 engines.
  • Deliveries of the new aircraft are scheduled to start in 2031.

Philippine Airlines has confirmed a significant order for 15 Boeing 787-10 Dreamliner jets, with options to acquire five more. This deal, valued at approximately $3.4 billion if all purchase rights are exercised, underscores the airline's fleet expansion plans.

The widebody aircraft will be powered by GE Aerospace's GEnx-1 engines. Deliveries are slated to commence in 2031, indicating a long-term strategic investment by the carrier.

The order was confirmed on Monday, with aviation advisory firm IBA Group estimating the deal's value after potential discounts.

Frequently asked questions

Philippine Airlines ordered 15 Boeing 787-10 Dreamliner jets.

If all purchase rights are exercised, the deal is worth approximately $3.4 billion.

Deliveries are scheduled to begin in 2031.

The planes will be equipped with GE Aerospace GEnx-1 engines.

What Happens Next

01Deliveries of the Boeing 787-10s are scheduled to begin in 2031.
02Philippine Airlines will decide whether to exercise its purchase rights for five additional aircraft.

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Cadence

How It Developed

Philippine Airlines ordered 15 Boeing 787-10s.
The airline has purchase rights for five additional aircraft.
The deal includes GE Aerospace GEnx-1 engines.
Deliveries are expected to begin in 2031.

Sources

T1
Philippine Airlines signs for 15 Boeing 787s, with rights for five moreReuters

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