P1.4-Trillion deal

Cebu Pacific signs a P1.4-trillion purchase agreement with Airbus and Pratt & Whitney for up to 152 A321neo aircraft, equipped with Pratt & Whitney GTF engines. Signing the agreement are (from left) Benoit De Saint-Exupery, Airbus executive vice president for sales of commercial aircraft business; Michael Szucs, Cebu Pacific chief executive; and Rick Deurloo, Pratt & Whitney president of commercial engines.