Philippine Airlines seeks Ex-Im funding for 777-300ER deliveries

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London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Philippine Airlines is seeking US Export-Import Bank support for its upcoming Boeing 777-300ER aircraft deliveries, according to the export credit agency.

The carrier will receive two Boeing 777-300ER aircraft equipped with General Electric engines this year, Flightglobal's Ascend Online database shows.

No further details were provided about the carrier's financing request.

Separately, Philippine Airlines' parent company plans to issue more shares under a capital restructure to meet new listing requirements.

Under the new rules that came into effect at the start of the year, companies listed on the Philippines Stock Exchange (PSE) need to have a minimum of 10% of their shares publicly traded. PAL's parent company, PAL Holdings, has until June to comply with the rule or face deregistration.