Low-cost carrier Cebu Pacific will purchase as many as 152 aircraft from aviation giant Airbus for $24 billion, or roughly P1.4 trillion, to mark the largest plane order in Philippine history.
Cebu Pacific yesterday signed a binding memorandum of understanding with Airbus, placing an order for 152 narrow-body planes in the make of A321neos for $24 billion, based on list prices.MANILA, Philippines —
Cebu Pacific CEO Michael Szucs said the airline chose to fly with Airbus in the long run given the flexibility the supplier can provide. Currently, Cebu Pacific manages a fleet made up of Airbus aircraft, with the exception of a few turboprops from ATR. Prior to reaching a decision, Cebu Pacific was also considering buying from Boeing even though the aircraft maker known for the 777s is facing a safety crisis in the US. Last January, a Boeing 737 Max flown by Alaska Airlines saw its door panel blow out in the middle of a flight.
Cebu Pacific currently operates one of the youngest fleets in the world, managing eight A330s, 39 A320s and 21 A321s, on top of 15 turboprops, allowing it to fly to 35 domestic routes and 25 international cities.Ramon Aboitiz Foundation Inc.
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