Philippine Airlines is in talks to sell four Bombardier DHC-8 aircraft.
With plans to use the proceeds for investments in newer aircraft, the Manila-based airline's President and COO Stanley Ng confirmed the plans for the sale of the turboprop aircraft which are currently not in operation.
“It has been there for a while. Those are the old-generation Bombardiers. We are still negotiating with some of the buyers, but I don’t think there’s a definite timeline as of the moment,” Ng was quoted saying on Business World.
According to planespotters.net, Philippine Airlines has 15 DHC-8 aircraft. Along with the 4 DHC 8-300s that will be put on sale, the airline also has 10 newer DHC-8-400 aircraft.
The turboprop aircraft are currently operated by its wholly-owned subsidiary PAL Express.
Considered a “dead asset,” Ng added the airline is looking to sell the aircraft as soon as possible. The sale of the aircraft is not expected to raise significant proceeds.
