Saturday, March 3, 2012

Philippine budget carrier buys 37 new Airbus jets

MANILA, Philippines (AP) — Budget airline Cebu Air Inc. said Thursday it is buying 37 new Airbus planes for $3.8 billion in the largest single aircraft order ever made by a Philippine airline, allowing it to more than double its fleet by 2021 and expand its international routes.

Lance Gokongwei, president and chief executive of Cebu Pacific, the budget carrier's official name, said new the order includes 30 A321neo (new engine option) and seven A320s.

The airline currently operates a fleet of 25 Airbus and eight ATR 72-500 aircraft, the youngest fleet in the Philippines.

Cebu Pacific flew more passengers than the country's flag carrier Philippine Airlines and holds half …

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