Philippines' Cebu Pacific places $4.8 bn Airbus order

The Philippines' largest budget airline Cebu Air Inc has ordered 16 Airbus planes worth $4.8 billion, the carrier said Monday, as it aims to expand carrying capacity with larger, more fuel-efficient jets. Cebu Air, commonly referred to as Cebu Pacific, said it sees the long-range A330neo jetliner as key to...

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