Philippine Airlines (PR, Manila Ninoy Aquino International) has secured a financing facility covering pre-delivery payments for five A350-1000s with Natixis Corporate & Investment Banking, the global investment banking arm of France's Groupe BPCE.

Natixis said the facility was structured to support the airline's capital expenditure requirements for the widebody assets, as part of its long-haul fleet modernisation. The specific value of the financing was not disclosed, however.

The five aircraft are part of a firm order for nine A350-1000s placed in June 2023. As previously reported by ch-aviation, the carrier has already arranged financing for two other units from this order via a sale-and-leaseback transaction with BOC Aviation.

Philippine Airlines formally unveiled its first delivered A350-1000 on January 17, 2026, albeit the aircraft had already entered service on December 29, 2025. The 382-seat, Rolls-Royce Trent XWB-powered fleet is intended to be deployed on transpacific routes to the US East Coast and Canada.

The carrier's existing widebody fleet also includes two A350-900s, ten B777-300ERs, and eleven A330-300s, ch-aviation fleets data shows. Combined with regional subsidiary PAL Express, the group also operates a narrowbody fleet comprising seventeen A320-200s, twenty-two A321-200, six A321-200Ns, two A321-200NX, and eleven DHC-8-Q400s.