EADSY - Boeing's Safety Woes Taking A Toll On Business? Rival Airbus Lands Record $24B Deal Fro Philippines Largest Airline Cebu Pacific | Benzinga
Cebu Pacific Air has chosen to purchase 152 single-aisle jets from Airbus SE (OTC:EADSY) in a preliminary agreement worth $24 billion.
What Happened: The deal, which is the largest jet purchase in the history of the Philippines, will see Cebu Pacific Air acquiring 102 A321neo jets with an option for an additional 50 planes, Bloomberg reported on Tuesday.
“When finalized, the deal will be a significant milestone for the local airline industry,” said Mike Szucs, Chief Executive Officer of Cebu Pacific Air.
The Philippines’ largest airline had previously considered both Airbus and Boeing Co. (NYSE:BA) for its next major order. However, the U.S. plane manufacturer failed ...