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Gokongwei-led budget carrier Cebu Pacific , is set to make the biggest aircraft order in Philippine aviation history as it is set to purchase over 150 aircraft from Airbus for $24 billion or P1.4 trillion.In a regulatory filing, Cebu Pacific operator Cebu Air Inc. said it inked a memorandum of understanding with Airbus that covers firm orders for up to 102 A321neo, and 50 A320neo Family purchase rights, which will be powered by Pratt & Whitney GTF engines.
“When finalized, the deal will be a significant milestone for the local airline industry and a testament to CEB’s unwavering commitment to support the Philippine growth story,” he added.Cebu Pacific said the transaction is expected to be completed in the third quarter of the year.The company earlier this year said it expects to close the year with 95 aircraft, which will boost its full-year 2024 seat capacity by 12% to 15% compared with 2023.
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