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Cebu Pacific buys 15 more Airbus aircraft worth $2B

Cebu Pacific buys 15 more Airbus aircraft worth $2B

The no frills airline unit of the Gokongwei family has placed an order for 15 Airbus planes in a deal worth around $2 billion at list prices.

The no frills airline unit of the Gokongwei family has placed an order for 15 Airbus planes in a deal worth around $2 billion at list prices.

In a statement, Cebu Pacific said the purchase agreement consists of 15 A320NEO family aircraft including up to 10 A321XLRs , the world’s longest-range single-aisle aircraft.

The planes, which will be deployed on routes within the Philippines, the rest of Asia and on long-haul routes to Australia and the Middle East, are scheduled to arrive between 2021 and 2024.

Cebu Pacific said the agreement is part of the memorandum of understanding signed with Airbus in June 2019 during the Paris Air Show wherein 16 widebody A330 NEO aircraft had been ordered.

The Gokongwei-led airline said it would have an all-next generation fleet of Airbus jets by 2024.

Cebu Pacific plans to utilize the aircraft on trunk routes within the Philippines, the rest of Asia and on long-haul routes to Australia and the Middle East.

It has so far accepted delivery of 10 brand-new aircraft—five Airbus A321NEO and four A320NEO; as well as an ATR 72-600, boosting its fleet to 75.

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