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Cebu Pacific signs deal to acquire 152 aircraft

Summary by ABS-CBN
The deal -- considered the biggest in Philippine aviation history -- is for up to 152 aircraft valued at $24 billion or ₱1.4 trillion.

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Philippine airline Cebu Pacific has placed a firm order for 70 A321neo aircraft from Airbus, finalizing a memorandum of understanding announced by the airline in July. “The selection of the Airbus A321neo highlights the importance we place on operational efficiency, sustainability and innovation, ensuring that we continue to offer the highest standards of service while significantly reducing our carbon footprint.

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Philippine low-cost airline Cebu Pacific has signed an agreement with aircraft manufacturer Airbus this week to purchase up to 152 aircraft. The $24 billion (21.7 billion euro) deal is the largest in this field in the country so far, the French news agency AFP reported.

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Air Data News broke the news in on Wednesday, October 2, 2024.
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