Philippine Airlines Inc. (PAL), the country's largest airline by fleet and revenue, said Friday it expects to take delivery of two leased Boeing 777-300ERs from November.

Vice President for Financing Cesar Chong said the first aircraft is scheduled for delivery in November while the second one is due to arrive in January.

Delivery of the two leased aircraft had been delayed due to Boeing's labor problems, he said.

In a news briefing, Chong said the airline also working to acquire another four Boeing 777-300ERs for delivery between June 2012 and November 2013.

By that time, PAL is hoping airline safety standards in the Philippines would have improved, to enable the company to expand its service routes, Chong said.

A few years ago, the US Federal Aviation Authority downgraded the country's air travel safety to Category 2 from Category 1 after it failed to comply with the required aviation standards as prescribed by the International Civil Aviation Organization.

Chong added that the US Export-Import Bank has committed to provide financing assistance for the acquisition.

One jet is estimated to cost around $250 million. (Dow Jones, EVA reports)