Cebu Pacific expects Q3 completion of Airbus deal

By The Manila Times

Jul 24, 2024 12:29 am

BUDGET carrier Cebu Pacific said Tuesday that it planned to complete a $24-billion (P1.4 trillion) deal with Airbus to acquire up to 152 A321 new aircraft by the third quarter.

'The order is designed to give Cebu Pacific the flexibility to choose between the A321neo and A320neo aircraft as needed, helping us adapt to market changes,' Cebu Pacific Chief Executive Officer Michael Szucs said in a statement announcing that the budget carrier and Airbus had commemorated the purchase plan in Farnborough, England on Monday.

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