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Cebu Air, Philippine Airlines spending $900m to upgrade fleets

New aircraft, better cabins to counter intensifying regional competition

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A Cebu Pacific passenger jet taxis past a Philippine Airlines passenger jet at the Ninoy Aquino International aiport in Pasay city, Metro Manila.   © Reuters

MANILA -- The two largest airlines in the Philippines are undertaking fleet upgrades to bolster their positions amid intensifying competition in regional aviation.

Last week, low-cost airline Cebu Air, which flies as Cebu Pacific Air, ordered seven Airbus 321CEO aircraft in a transaction worth $812 million based on catalog prices. These are in addition to 32 A321NEOs already ordered but delayed in delivery due to engine issues. The A321CEOs are configured for 230 seats and the A321NEOs for 180.

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