China Banking closes another A321 for PAL

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Philippines' China Banking Corporation (China Bank) has closed financing on another Airbus A321 delivery for local airline Philippine Airlines (PAL).

The aircraft (MSN 5838) is part of a $329 million seven-aircraft facility delivering in 2013.

The carrier will deploy its new A321s on selected domestic and international routes.

The A321 joins the Airbus fleet at PAL that includes 22 A320 aircraft operating on domestic and regional routes with eight in service with affiliate carrier, PAL Express.