Aviation Airbus wins billion-euro order from the Philippines

Airbus has landed a major aircraft order from the Philippines. Cebu Pacific (CEB) has signed a binding letter of intent for the purchase of up to 152 A321neo aircraft at a list price of 24 billion US dollars.

Keystone-SDA

02.07.2024, 13:04

SDA

This is according to a stock exchange announcement by the Philippine airline. This includes firm orders for up to 102 A321neo aircraft as well as 50 purchase rights for the A320neo family. Fleet growth can be adapted to market conditions, as it is possible to switch between the two aircraft models, said CEB CEO Michael Szucs according to the press release.

The purchase agreement is to be concluded in the third quarter. Aircraft manufacturers often grant significant discounts on the list price for larger orders.