Airlines In The Philippines II

[chowpau]

XWB_flyer wrote

None‽ So what was Staley doing in the US exactly? Makes me wonder if he was looking for a foregin parthner rather then trying to make a deal with Boeing?

Whatever it is, we will wait after the board meeting...but for now, I will share to you just here in this forum

[JNC03]

I am sure whatever those deals are it is embargoed and the announcement might be made after the board meeting

[XWB_flyer]

Guess its best to wait for an 'Offical Announcement' rather then expect something that may or may not come out at all.

I guess part of me wants to get excited then wait then just listening to bad news and poor review that I've been hearing recently!

[Evodesire]

I have a feeling the question to the answer "no" was about new plane orders from Boeing or something related to that.

[chowpau]

Evodesire wrote

I have a feeling the question to the answer "no" was about new plane orders from Boeing or something related to that.

yes that I was asking from Stan about it

[Evodesire]

If not that, I'm hoping they would open more routes to the US. But then again, PAL needs more planes.

[chowpau]

Evodesire wrote

If not that, I'm hoping they would open more routes to the US. But then again, PAL needs more planes.

One possibility I can guess is interline agreement

[Arianespace]

Oh, really?

My "bubuwet" tells me otherwise. And he happens to be on that plane. Embargo? Of course. Oh well, I guess we have to wait and see. I'm waiting less than 300 days for this to come out.

[chowpau]

Arianespace wrote

Oh, really?

My "bubuwet" tells me otherwise. And he happens to be on that plane. Embargo? Of course. Oh well, I guess we have to wait and see. I'm waiting less than 300 days for this to come out.

Its just a guess while waiting for the official word from PAL what are these other opportunities

[seven13]

But PR has long been interlining with DL and AA. PR wanted to codeshare with AA via HNL but UA playing the BBB (big bad b!)

[JNC03]

If the embargo is agreed upon by the two parties no one can speak out until the time they agreed, if anyone violates the embargo the deal might be pulled off or someone will face a lawsuit.

[Arianespace]

Usually the other party pays penalty in the amount of their losses. This is particularly so because deals like this tend to affect price of shares of the company, which like this time is +5.3%. Announcement would tend to depress the value of shares as profit goes to capital instead of dividend payment. The more cash you have the higher the value of the shares is. Conversely, the lower your cash position, so to is the value of your shares.

At this moment, PAL Holdings (PHI) is convincing creditors of PAL to swap 1 share to 15.57 of PHI. 1 PAL share is equivalent to 5.5. PHI is buying it at 15.57. Announcement of any major expenditure would depress this price. That's why they embargo information to keep the price this way, and make announcement only after the equity swap
 

[JNC03]

I remember a news come out about that equity swap last February, any developments about it?

Are they still convincing or some are willing to do the swap already and the rest will follow?

[Arianespace]

I think share swap is a done deal.

What, with current share price at 5.7 to be bought at 15.57. You would be crazy not swapping it.

Also, you might be wondering, what will happen to PAL after the share swap?
It has the effect of increasing its capital, and you know what that means.

[JNC03]

Increased capital means more funds for improving the customer's experience (it includes everything even new aircraft acquisition)

Since the swap is a done deal, a public announcement is the next step

[Arianespace]

299 days to go pa lang. Ganito na agad. Grabe man!

PARIS/MANILA, May 9 (Reuters) - Philippine Airlines is close to a deal to order 10 Airbus A350-1000 wide-body jets in the latest sign of a recovery in wide-body jet markets, industry sources said on Tuesday.

https://www.reuters.com/article/philippines-airbus/philippine-airlines-close-to-buying-10-airbus-a350-1000-jets-sources-idUKL8N3764IB

[JNC03]

Ah well my favorite news website for leaking stuff

More than what expected, more discounts I think

[Arianespace]

First, delivery date was announced.
Second, quantity was announced.
Third, aircraft type was announced.


https://business.inquirer.net/398682/lack-of-aircraft-competition-impeding-pal-growth-says-ng

https://www.reuters.com/article/philippines-airbus/philippine-airlines-close-to-buying-10-airbus-a350-1000-jets-sources-idUKL8N3764IB

I have no doubt that its forthcoming. But never expected Airbus to give them something earlier than anticipated.

We have better advance information here ahead of the press. But still, trickle information is filling up the jigsaw puzzle slowly completing the big picture.

[Darkknight85]

How about the 789s?

[JNC03]

I think the discount is nice for the 10 units