Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UPDATE 1-Cebu to buy over two dozen Airbus jets -sources

Published 06/17/2019, 11:29 PM
Updated 06/17/2019, 11:30 PM
UPDATE 1-Cebu to buy over two dozen Airbus jets -sources
AIR
-
CEB
-

(Adds deal may involve as many as 40 planes)
PARIS, June 17 (Reuters) - Airbus is set to win a deal to
sell jets worth around $4.5 billion at list price to Philippines
airline Cebu Air after a face-off with rival Boeing BA.N ,
industry sources said.
The deal involves 16 A330neo wide-body jets and around
10 of the newly launched A321XLR extended-range narrow-body
aircraft, the sources said, asking not to be identified.
Together with other aircraft and options the deal could
involve as many as 40 aircraft, one of the sources added.
Airbus AIR.PA declined comment. Cebu CEB.PS officials
could not be reached for comment.
The deal follows a fight for business at the Philippines
budget airline as Airbus seeks a new foothold for its A330neo in
the face of heavy competition from Boeing's 787 Dreamliner.
The carrier had at one point been seen as likely to proceed
with a Boeing 787 order, prompting Airbus to rescue the deal
Cebu Air plans to expand its fleet with new aircraft that
burn less fuel, CEO Lance Gokongwei said last month.
Asian carriers are looking to renew their long-haul fleets
as passenger demand remains robust despite a decline in cargo.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.