Airbus wins $24b deal from Cebu Air for over 150 jets
Cebu Pacific Air reached a preliminary agreement to buy 152 single-aisle jets from Airbus in a deal worth $24b at list price, the company announced on Tuesday. The order by Philippines low-cost carrier will be the biggest jet purchase in the country’s history, the airline said in a stock exchange filing. As part of the agreement, Cebu will buy 102 A321neo jets with options for another 50 planes. “When finalized, the deal will be a significant milestone for the local airline industry,” Chief Executive Officer Mike Szucs said in the statement. The order confirms an earlier Bloomberg News report on the carrier’s purchase plans. Airlines often win large discounts on aircraft orders so the final price Cebu will pay will be much lower. The A321neo is Airbus’s best-selling plane and the planemaker has a backlog that runs well into the next decade for the jetliner.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-07-03/unaligned/airbus-wins-24b-deal-from-cebu-air-for-over-150-jets
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Airbus wins $24b deal from Cebu Air for over 150 jets
Cebu Pacific Air reached a preliminary agreement to buy 152 single-aisle jets from Airbus in a deal worth $24b at list price, the company announced on Tuesday. The order by Philippines low-cost carrier will be the biggest jet purchase in the country’s history, the airline said in a stock exchange filing. As part of the agreement, Cebu will buy 102 A321neo jets with options for another 50 planes. “When finalized, the deal will be a significant milestone for the local airline industry,” Chief Executive Officer Mike Szucs said in the statement. The order confirms an earlier Bloomberg News report on the carrier’s purchase plans. Airlines often win large discounts on aircraft orders so the final price Cebu will pay will be much lower. The A321neo is Airbus’s best-selling plane and the planemaker has a backlog that runs well into the next decade for the jetliner.<br/>
