MANILA, PHILIPINNES — Philippine Airlines (PAL) has verified plans to sell its De Havilland Dash 8 Q300 aircraft and is considering newer models as replacements. 

This statement follows news reports that quoted Stanley Ng, the airline's chief, revealing that the carrier is currently in negotiation with potential buyers for the Q300s, which are considered by the airline as non-performing assets. Ng, who also heads PAL's operations, further reported that there's no specific timeline set for selling the Q300s.

The airline, following the necessary verification, has now confirmed the Q300s are indeed set for sale. The revenue from this sale will be channelled towards the acquisition of newer generation aircraft, the company stated.

According to data from Cirium fleets, the airline has four such aircraft currently in storage. These turboprops, aged between 15 and 21 years, were formerly in service under the PAL Express brand. PAL Express also has nine Q400s in active service, with another four stored.

This announcement comes on the heels of the airline's recent commitment to purchase nine Airbus A350-1000s for ultra-long-haul operations, a move that will enable the carrier to operate non-stop flights from the Philippines to Europe and the US east coast.