Cebu Pacific to decide on aircraft deal by H1

By The Manila Times

Jan 31, 2024 12:37 am

BUDGET carrier Cebu Pacific on Tuesday said it is looking to finalize a $12-billion aircraft acquisition deal before the end of the first half (H1) this year, three months behind its initial target.

'The process is ongoing... we expect to hopefully come to a decision by the first half. I think what we had initially said was maybe by the first quarter, but the first half was our latest guidance,' Alexander Lao, Cebu Pacific president, told reporters.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Aboitiz Infra wins bid to upgrade Bohol airport

BDO Capital sees opportunities in growing PH energy investments

NGCP fined P12.3M over delayed projects

Agrinurture reports nine-month net loss

PSEi seen hitting 8,000 level in 2025

Enrollment growth boosts STI Q1 profit

URC snack units' dissolution OKd