Cebu to buy over two dozen Airbus jets: sources

Airbus is set to win a deal to sell jets worth around $4.5 billion at list price to Philippines airline Cebu Air after a face-off with rival Boeing, industry sources said. The deal involves 16 A330neo wide-body jets and around 10 of the newly launched A321XLR extended-range narrow-body aircraft, the sources said, asking not to be identified. Together with other aircraft and options the deal could involve as many as 40 aircraft, one of the sources added. The deal follows a fight for business at the Philippines budget airline as Airbus seeks a new foothold for its A330neo in the face of heavy competition from Boeing’s 787 Dreamliner. The carrier had at one point been seen as likely to proceed with a Boeing 787 order, prompting Airbus to rescue the deal.<br/>