Cebu Pacific may finalize aircraft order by June

Cebu Pacific, operated by Cebu Air, Inc. is expected to announce its supplier for the airline’s $12b aircraft order by June, the company’s top official said on Wednesday. “[We have] not yet selected. We will make the announcement, I think, in the next couple of months. Maybe by June,” Lance Y. Gokongwei, chairman of Cebu Air, said on the sidelines of the BusinessWorld Economic Forum 2024. The budget carrier is planning to order more than 100 narrow-body aircraft from Boeing or Airbus valued at roughly $12b based on current list of prices, Cebu Pacific said. The airline company is nearing the completion of its aircraft order, which is expected to boost its overall fleet amid its plan to increase flight frequencies to serve the growing demand for air travel. “We are close to the finish line for [our aircraft order]. We have not put a date yet, but we are still close to the timetable,” Alex B. Reyes, chief strategy officer of Cebu Pacific, said separately on the sidelines of an aviation forum.<br/>