PAL orders 9 more Airbus A350
Philippine Airlines (PAL), via PAL Holdings, signed an MoU with Airbus to buy nine additional Airbus A350-1000 aircraft, with purchase rights for five more, announced at the Farnborough Airshow. PAL currently operates two A350-1000. Seven more from a 2023 order arrive by 2028, while the new nine are due 2034-2036.
How this was made
The 30-second read
Why it matters
The new MoU expands the A350-1000 fleet and extends delivery expectations into 2034-2036, supporting a multi-year long-haul growth and fleet renewal plan.
Market read
A new aircraft acquisition agreement with quantified fleet additions and long delivery windows can influence PAL’s long-term capacity outlook, though MoU status limits immediate financial certainty.
What to watch
No aircraft pricing, payment schedule, lease vs buy structure, or conversion timeline from purchase rights to firm orders are provided, which are key drivers of near-term financial impact.
Background
PAL currently operates two A350-1000 aircraft and has seven more from a 2023 order scheduled for delivery by 2028.
Ticker impact
Philippine Airlines’ parent PAL Holdings signed an MoU with Airbus for nine additional A350-1000 aircraft plus purchase rights for five more.
Moderate positive bias for PAL on deal confirmation and financing clarity; limited immediate repricing if investors discount MoU vs firm order.
The article discloses a new aircraft acquisition agreement with specific quantities and delivery windows (2034-2036 for the second batch), which can improve long-haul positioning. However, it is an MoU and does not provide pricing, financing terms, or firm order conversion, reducing immediacy.
Market effects
Signals continued demand for widebody long-haul aircraft in Southeast Asia, potentially supporting Airbus A350-1000 sentiment among airline customers.
Reinforces competitive positioning of a Southeast Asian carrier in premium transpacific markets via expanded A350-1000 capacity.
Adds to global widebody order momentum, though the long delivery window reduces near-term supply-demand impact.
Counterpoint
Because the agreement is an MoU with purchase rights, investors may discount it until a firm order and financing plan are finalized.
Key entities
- companyPhilippine Airlines (PAL)
Flag carrier of the Philippines, operating Airbus A350-1000 aircraft and signing an MoU for additional A350-1000s.
- companyAirbus
Aircraft manufacturer entering an MoU with PAL for nine additional A350-1000 aircraft and purchase rights for five more.
- eventFarnborough International Airshow
UK airshow where the agreement was announced.


