Airbus Nears Deal to Supply 70 Jets to Philippine Carrier Cebu Pacific

Aviation giant Airbus is on the cusp of securing a significant order from Cebu Pacific, a leading budget airline in the Philippines. According to well-placed sources, Airbus is nearing a preliminary agreement to supply Cebu Pacific with approximately 70 narrow-body jets. This deal, if finalized, would be a major win for Airbus in the Southeast Asian aviation market, which is experiencing a significant rebound following the COVID-19 pandemic. 

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Cebu Pacific has ambitious plans to more than double its current fleet by 2035, capitalizing on the anticipated surge in regional travel demand. The specific aircraft models included in the potential deal are not publicly confirmed, but reports suggest a focus on Airbus' A321neo family. These fuel-efficient jets are popular choices for airlines looking to expand their networks and cater to growing passenger numbers on shorter and medium-haul routes.

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The total value of the potential deal could reach up to $8.4 billion based on list prices. However, airlines typically negotiate significant discounts on large aircraft orders. This news comes after months of speculation about Cebu Pacific's fleet renewal plans. The airline was reportedly considering offers from both Airbus and its main competitor, Boeing. While neither company has officially commented on the ongoing discussions, sources indicate Airbus is likely the frontrunner at this stage.

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The finalization of this deal would be a significant boost for Airbus' commercial aircraft business. It would solidify Airbus' presence in the growing Southeast Asian aviation market and demonstrate continued industry confidence in the company's narrow-body jet offerings. Cebu Pacific's decision is likely to be closely watched by other airlines in the region, potentially influencing future aircraft acquisitions and shaping the competitive landscape of Southeast Asian aviation.

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