Manila-based Philippine Airlines (PR) is discussing with multiple buyers to offload four of its non-operational Bombardier DHC 8-300’s, with the expected sale proceeds to be invested into new-generation aircraft.
As reported by Business World last week, the PAL President and Chief Operating Officer, Stanley K. Ng, noted that the airline currently sees these inactive aircraft as a dead asset, and the plan is to liquidate them to invest in new aircraft or further airline digitization. The president also went noted:
The airline is aware that the sale of these aircraft will not raise significant funds. However, the carrier hopes to reactivate 75 aircraft back into its fleet within the year, with positive outlooks for the airline balance books for the rest of the year.
