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PHILIPPINE AIR LINES ORDERS BOEING 747-400S

 PHILIPPINE AIR LINES ORDERS BOEING 747-400S
 SEATTLE, Oct. 29 /PRNewswire/ -- Philippine Air Lines (PAL) has


become the 34th customer for the advanced-technology 747-400 with an order for four airplanes, Boeing Commercial Airplane Group confirmed today. In addition, the Manila-based carrier has secured two options.
 Total value of the order with options is more than $1 billion including spare parts and training. Delivery of the four big airliners will begin in late 1993. The carrier has selected General Electric CF6-80C2 engines to power its 747-400s.
 PAL chose the 747-400 to expand trans-Pacific service to destinations such as Los Angeles and San Francisco. Although similar externally to its predecessor, the 747-300, this new variant which entered service in February 1989 has updated flight deck electronics, an improved passenger interior, uprated engines and an extended wing span.
 Antonio Cojuangco, PAL chairman, said, "Our long-term business goal is to re-establish Philippine Air Lines as a preeminent Asian carrier. The 747-400 is the ideal aircraft for our trans-Pacific markets and will be the flagship of our revitalized fleet."
 For the past 10 years, PAL has been government-owned, but earlier this year a private investment group led by Cojuangco acquired 67 percent ownership of the airline. The decision to order Boeing 747-400s represents one of the first major actions by PAL's new management.
 PAL has been a Boeing customer since 1979 and presently operates 20 Boeing aircraft, including 737-300s and 747-200s.
 With today's announcement, firm orders for the 747-400 have reached 458 aircraft.
 -0- 10/29/92
 /CONTACT: John Wheeler of Boeing Commercial Airplane Group, 206-237-1710/
 (BA) CO: Boeing Commercial Airplane Group; Philippine Air Lines ST: Washington IN: AIR SU:


SW -- SE003 -- 6556 10/29/92 12:01 EST
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Publication:PR Newswire
Date:Oct 29, 1992
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