Boeing (NYSE:BA) and Philippine Airlines today announced the flag carrier has committed to order up to 20 787 Dreamliner jets. Once finalized, the agreement for 15 787-10 airplanes, with opportunity to purchase five more, will support Philippine Airlines' fleet modernization and expansion plans.

"This investment manifests our confidence in the future of Philippine Airlines and the continued growth of air travel. The Boeing 787-10 will strengthen our medium and long-haul fleet, allowing us to provide an even better travel experience for our customers while improving operational efficiency and supporting our long-term sustainability goals," said Lucio C. Tan III, president and chief operating officer of PAL Holdings, Inc. "As Asia's first and longest serving airline, we proudly celebrated our 85th anniversary earlier this year. An equally meaningful milestone that we celebrate this year is 80 years of partnership between Philippine Airlines and Boeing." 

The 787-10 will complement PAL's fleet of 10 777 jets by expanding operational flexibility across the airline's medium- and long-haul route network. Delivering unmatched fuel efficiency with the lowest operating cost per seat of any widebody jet, the 787's composite design yields 25% less fuel use than the airplanes it typically replaces.