Cebu Pacific signs MoU for huge A321neo order

Cebu Pacific has signed a memorandum of understanding (MoU) with Airbus to purchase 152 A321neos. The deal, valued at $24bn at list prices, covers firm commitments for 102 aircraft and options on 50 more. The aircraft will be powered by Pratt & Whitney PW1100G engines. The order is the largest aircraft purchase in the history of the Philippines. Cebu's CEO Michael Szucs said: “When finalised, the deal will be a significant milestone for the local airline industry and a testament