ADVFN - Advanced Financial Network.
HOME» NYSE » B » BA Stock Price » BA Stock News

Boeing Share News

 Boeing Co. (the) Stock Price
BA Stock Price
 Boeing Co. (the) Stock Chart
BA Stock Chart
 Boeing Co. (the) Stock News
BA Stock News
 Boeing Co. (the) Company Information
BA Company Information
 Boeing Co. (the) Stock Trades
BA Stock Trades

Philippine Airlines Expects $300 Million in Annual Savings From Fleet Redeployment

By Cris Larano MANILA--Philippine Airlines Inc. expects to save around $300 million a year from its plan to use its new Boeing Co. (BA) 777 jets for long-haul routes while redeploying other aircraft to handle shorter routes, which will increase efficiency and profitability, the carrier's president said late Monday. Speaking at a ceremony to mark the arrival of PAL's third 777 jet, President Ramon Ang said three more B777s will arrive in the coming months to serve as the workhorses of the airline's planned nonstop, long-haul service to Europe and North America. "In the near future, PAL will fly nonstop to Toronto, Paris and New York," Mr. Ang said. "Our growth strategy for PAL is simple: Modernization of the fleet, expansion of the network and improvement of passenger service." He said PAL will also acquire other types of aircraft to serve shorter routes, including destinations in the Middle East. He said the redeployment of the carrier's aircraft should be completed by October, and the gains in efficiency and profitability should be reflected in PAL's results by the first quarter of 2013. PAL is also looking at pursuing alliances and joint ventures with other Asian carriers to help it increase the frequency of its flights, particularly to countries such as the U.S., Mr. Ang said. PAL can't immediately increase its flights to the U.S. as the Philippines is considered a "Category 2" country by the U.S. Federal Aviation Administration due to its low safety standards. Airlines from Category 2 countries are prevented from expanding services to the U.S. and are subjected to stricter surveillance. PAL must improve its competitiveness so it can take advantage of Asia's fast-growing market for air travel, Mr. Ang said. Mr. Ang is also the president of conglomerate San Miguel Corp. (SMC.PH), which recently acquired a substantial minority stake in PAL by investing in a company owned by billionaire Lucio Tan, the controlling shareholder of PAL. Mr. Ang said he hopes PAL can tap the strength of San Miguel and Mr. Tan's group to bolster earnings. Listed PAL Holdings Inc. (PAL.PH) controls PAL. San Miguel invested in Trustmark Holdings, a company owned by Tan that controls PAL Holdings. Write to Cris Larano at cris.larano@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Boeing (BA)
DateTimeHeadline
05/25/201611:00:00Boeing Defense, Space & Security CEO Caret to Speak at Deutsche...
05/25/201611:00:00Air China Introduces its First Boeing 787-9 Dreamliner
05/24/201610:40:00Boeing, Air Austral Celebrate Delivery of Airline's First 787...
05/24/201608:50:00Airbus Tackles Its Procrastination Problem
05/24/201603:03:00VietJet to Buy 100 Boeing Planes -- WSJ
05/23/201607:40:00Vietnam's VietJet to Buy 100 Boeing Planes
05/23/201607:18:00Vietnam's VietJet to Buy 100 Boeing Planes -- Update
05/23/201603:30:00Ryanair Sees Bumper Profits From Global Crude Slump
05/23/201601:39:00Vietnam's VietJet Signs $11 Billion, 100-Plane Order With Boeing
05/23/201600:58:00Boeing, Vietjet Finalize Vietnam's Largest Ever Commercial Airplane...
05/20/201614:36:00Boeing Celebrates Grand Opening of 777X Composite Wing Center
05/20/201611:00:00Boeing Chairman and CEO Muilenburg to Speak at Bernstein Strategic...
05/19/201616:20:44Statement of Changes in Beneficial Ownership (4)
05/19/201611:43:00MARKET SNAPSHOT: Dow Tumbles Over 180 Points As Rate-hike Fears...
05/18/201616:47:18Current Report Filing (8-k)
05/18/201604:15:00Ireland's Stellwagen Group Sets up New Aviation Funding Arm
05/17/201616:36:58Statement of Changes in Beneficial Ownership (4)
05/17/201616:36:09Statement of Changes in Beneficial Ownership (4)
05/17/201615:43:10Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/17/201606:05:42Free Writing Prospectus - Filing Under Securities Act Rules 163/433...

Boeing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad