Airlines In The Philippines II

[JNC03]

PW has a new tech where it is more efficient and powerful than CFM, because of this airlines choose P&W. But they are now choosing CFM for reliability since issues popped up with P&W, the problems of it will cost them millions even if it is more efficient than CFM. The efficiency will cost them delays which will affect the airline's operations and image, I think the difference between efficiency and power doesn't matter anymore if the reliability is in question. After all airlines want their planes flying to make money

Airbus is also considering a new engine option for the A220 series to make it more appealing to customers.

Engine swap will cost millions, aside from the swap itself. The plane's system modification is needed to recognize the new engines. It will take two weeks for those things to be done.

55% of the XLRs on order to be powered by CFM

[JNC03]

PAL is currently having an event called Cargo Awards Night with their cargo partners including Nippon Cargo

Will PAL hint about their plans to purchase a dedicated cargo aircraft?

[romantic_guy08]

Looks like another PR A333 has been taken out of service.

8783 flew to CRK this morning joining 8782.

That makes 3 PR A333 that are currently grounded/OOS as 86 also hasn't flown since April 25.

Anybody know the status of these planes (esp. 82 and 86)?

The 77Ws and A359s are also seeing increased utilization as they are being rotated to regional (HKG, BKK, SIN, HAN, NRT) flights in the morning after arriving from transpac.

[frequentflier]

We regret to inform you that we are cancelling AirSWIFT Airlines’ flights scheduled from June 30 – July 3, 2023 as we are implementing voluntary preventive maintenance on the aircrafts. We understand the inconvenience this may cause our travelers. AirSWIFT Airlines will be arranging alternative flights to ensure that our passengers reach their destinations safely at the soonest time possible.

https://www.air-swift.com/advisory-june298p/

[crash&burn]

PALex will probably take over in the interim.

[crash&burn]

82 undergoing densification and landing gear change. 86 awaiting engine change.

[frequentflier]

Are they just adding more seats, or are they removing a portion of Biz or P.Econ?

[romantic_guy08]

crash&burn wrote

82 undergoing densification and landing gear change. 86 awaiting engine change.

Thanks for the information... when are they expected to complete maintenance and return to service?

Will 83 also undergo densification since it was transferred to CRK?

[JNC03]

Aboitiz denied the article written by Philstar that they bought a major stake in Philippines AirAsia

The article states that AA com travel is owned by Aboitiz Group

[Arianespace]

Actually, nasunog. Na kuryente so to speak. Negotiations has been made for the sale of shares of AA Com travel PH to Aboitiz, but not sold yet. According to source, if deal pushes through, PAA would still be managed from Malaysia. In effect, minority pa rin ang Aboitiz, kahit majority sila sa AA com travel ph. And that is where the problem lies.

[Evodesire]

Will they be removing the IFEs or will they just add more economy class seats with IFEs?

[JNC03]

Majority shareholder on paper only🤣

Probably they learned their lesson when Capital A wants A330s but Romero's don't want it

[JNC03]

5J is now getting its hands on P&W engines

RP-C4130 is now ongoing an engine swap

[Evodesire]

With Tony pumping in more $$$ bringing the 330s and 321Ns to PAA, I doubt he would want someone to take majority of the shares.

[JNC03]

In a disclosure sent to the Philippine Stock Exchange on Tuesday, PAL Holdings Inc. said they submitted an amendment to their application to increase authorized capital stock. That amendment included additional share subscriptions.

PAL Holdings received 323.77 million common shares in its flag carrier subsidiary. These shares were owned by “certain” creditors of the airline. Those shares came in exchange for 5.04 billion new common shares of PAL Holdings, priced at a rate of 15.57 PAL Holdings shares for every share of the airline.

This share swap came on top of cash that PAL Holdings received as payment for shares that will be issued from the increased capital. PAL Holdings clarified that only 5.04 billion of its new common shares will be issued to unsecured creditors of the airline. The disclosure explained this is because not all of those creditors participated in the share swap.

https://www.philstar.com/business/2023/07/04/2278582/pals-parent-moves-boost-capital-stock

[JNC03]

LIST OF CREDITORS OF PHILIPPINE AIRLINES, INC. WHO PARTICIPATED IN THE SHARE SWAP TRANSACTION WITH PAL HOLDINGS, INC




the first two companies on the list are shell companies or placeholder companies for the two aircraft?

[chowpau]

MSN 6201 and 6253 former RP-C9910 and -C9911. Now with VivaAeroBus

HKLeasing 6291 RP-C9912

[JNC03]

With the recent movements, aside from business related things

Is PAL preparing for a new aircraft order again?

[Arianespace]

Yes.

[JNC03]

Nice

They should work hard to replace their aging and money hungry fleet