After winning $500m investment from San Miguel Corp, Philippine Airlines (PAL) has confirmed that is in talks to invest in a foreign carrier to help its expansion goals.

PAL, which will be repositioned as a low-cost carrier, plans to order at least 100 new planes in the next five years, resume flights to Europe and increase US services.

PAL’s international expansion aim depends on the country improving its safety record as it is currently blacklisted by the European Union and has a Category 2 rating from the US Federal Aviation Administration.