Cebu Pacific buys 37 Airbus jets worth $3.8 billion

Philippine budget carrier Cebu Pacific announced Thursday it had ordered 37 new Airbus jets worth $3.8 billion in the nation's biggest-ever aircraft order so it can expand across the Asia Pacific. Cebu Pacific chief executive Lance Gokongwei said his airline was aiming to fly to destinations further afield such as Australia, building on an aggressive strategy that has seen it become the nation's top carrier in recent years.
Gokongwei told a news conference his company had ordered 30 Airbus A321neo jets and seven A320s, to be delivered between 2015 and 2021, in what was the "largest single aircraft order ever made by a Philippine carrier".