Learn more

Philippine budget carrier Cebu Pacific has placed an order for up to 152 planes from Airbus in a deal valued at $24 billion, making it the largest aircraft order in the country’s history, officials say. Under the terms of the agreement, Cebu Pacific will buy a minimum of 70 A321neo aircraft with an option to increase the total to 102, according to a statement from the airline. It also includes purchase rights for 50 A320neo planes. The 152 planes have a value of $24 billion at list prices, but aircraft manufacturers usually provide significant discounts. Specific details about payments have no…

cuu