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JG Summit Holdings Inc., the listed holding company of the Gokongwei Group, said Monday it expects its 2024 capital expenditures to exceed the previous year’s level of P98.9 billion as its airline business expands its fleet.
Cebu Pacific is expected to acquire 18 new aircraft this year to end 2024 with a total of 93 aircraft. Gokongwei said Universal Robina Corp. is developing a mega manufacturing facility in Malvar, Batangas, with the first production line scheduled to be operational before end-2024.
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