Philippines’ Cebu Air signs deal for $4.8bn Airbus aircraft

Philippines’ Cebu Air signs deal for $4.8bn Airbus aircraft

Author: Reutersarticle author: ReutersID: 1572848148828347100Mon, 2019-11-04 01:54

PHILIPPINES: Philippines' Cebu Air Inc. has finalized the purchase of 16 long-range Airbus A330 neo jets worth $4.8 billion at list prices, the airline said on Monday.

The budget carrier, which operates 74 aircraft, mostly Airbus A320s, under the brand Cebu Pacific, is turning to larger and fuel-efficient jets for expansion, despite limited slots at the main gateway in the Philippine capital.Main category: Business & EconomyTags: AirbusPhilippinesair travel