Boeing

On the airline's 66th anniversary today, Philippine Airlines (PAL) and The Boeing Company [NYSE: BA] announced the order of two Boeing 777-300ER (Extended Range) commercial airplanes, with purchase rights for two additional 777-300ERs. PAL is a long-time Boeing customer and currently operates five Boeing 747-400s and three Boeing 737-300/-400s.

PAL, the national flag carrier of the Philippines, mounted its first flight March 15, 1941 and has been operating longer than any other airline in Asia. It has a modern fleet and a route network that spans 24 foreign cities and 18 domestic destinations.

The fuel-efficient 777-300ER is the world's largest long-range twin-engine jetliner and is capable of carrying approximately 365 passengers in Philippine Airlines' two-class configuration, with a maximum range of 7,880 nautical miles (14,594 kilometers).