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Cebu Pacific said air fares may increase once the new concessionaire of the Ninoy Aquino International Airport implements higher airport charges.
Cebu Pacific also recognizes the importance of investing in both physical and operational improvements at airports, Lao said. The airline looks forward to collaborating closely with the New NAIA Infra Corp. for the benefit passengers. Cebu Pacific on Wednesday night signed a landmark purchase agreement with Airbus and Pratt & Whitney, an RTX business, for up to 152 A321neo aircraft, equipped with Pratt & Whitney GTF engines.
The acquisition—which has a minimum commitment of 70 aircraft—is the largest in Philippine aviation history, valued at about $24 billion based on list prices for the entire 152 aircraft order.
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