Cebu Pacific to Purchase 152 Jets from Airbus in Largest $24 Billion Deal

Jul 2, 2024, 01:30 PM

Cebu Pacific, controlled by billionaire Lance Gokongwei and his family, has signed a binding agreement to purchase 152 jets from Airbus. The deal, valued at approximately $24 billion, represents the largest aircraft order in Philippine aviation history. This significant acquisition underscores Cebu Pacific's expansion plans and commitment to modernizing its fleet.