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Airbus has won the $24-billion (P1.4-trillion) purchase order by Cebu Pacific for up to 152 A321neo (new engine option) jets, the biggest in Philippine aviation history.
In a statement on Tuesday, the Gokongwei-led airline said it had signed the binding memorandum of understanding (MOU) with Airbus, which edged out rival Boeing.
The purchase agreement is eyed to be finalized by the third quarter of this year.
It also tapped Pratt & Whitney GTF engines to power the ordered aircraft, consisting of up to 102 A321neo and 50 A320neo purchase rights.
