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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the resurgence of long-haul travel demand in Southeast Asia, Philippine Airlines is nearing a major fleet modernization deal. The carrier is poised to order 15 Boeing 787-10 aircraft and nine Airbus A350-1000 jets according to Reuters reports. This deal marks a significant strategic shift, representing the airline's first purchase from Boeing in almost 20 years.
This order comes amid intensifying competition between the two aviation giants as Boeing seeks to bolster its market share following operational challenges. Regarding peer performance, Airbus recorded strong first-half 2024 deliveries of 323 aircraft according to official company data, while Boeing aims to regain momentum through wide-body contracts. Per market data, Airbus (AIR.PA) shares are trading near 195.84 EUR, reflecting investor confidence in the steady order flow.
Investors should watch current price levels, as BA closed at 223.11 USD (close July 09, 2026), while AIR.PA stood at 195.84 EUR (close July 10, 2026). Looking ahead, the Philippine inflation rate, which was reported at 6.4% on July 07, 2026, remains a key factor that could influence the carrier's purchasing power and long-term expansion financing.