Cebu Pacific operator seeks to bolster financial position via restructuring plan

Quick Summary:

Cebu Air Inc., the operator of budget carrier Cebu Pacific, said on Wednesday its board of directors has approved a restructuring plan aimed at strengthening the company’s financial position.

The reduction in fuel consumption leads to a corresponding reduction in aircraft carbon emissions.

It has signed a memorandum of understanding (MOU) with Airbus for the purchase of as much as 152 Airbus A321 new engine option (Neo) jets.

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Article Details

Author / Journalist: Lorenz S. Marasigan

Category: BusinessStartups

Markets: PhilippinesAustralia

Topics: Billion Carrier Additional Plan Pacific Airbus Restructuring Cebu Paid-in Capital Aircraft

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 16:08:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21666051

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 100 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #37

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