04/11/2019

Business

Philippines' Cebu Pacific places $4.8 bn Airbus order

The Philippines' largest budget airline Cebu Air Inc has ordered 16 Airbus planes worth $4.8 billion, the company said Monday, as it aims to expand carrying capacity with larger, more fuel-efficient jets.

Business

IAG buys Air Europa amid aviation sector upheaval

British Airways owner IAG agreed Monday to buy Spain's Air Europa as the global aviation sector charts a path through high-profile failures, fierce competition, economic woes and high fuel prices.

Business

Ryanair net profits flatten in first half

Irish no-frills airline Ryanair said Monday that first-half net profit flattened on lower ticket prices, weak British demand, fierce competition elsewhere in Europe and a soaring fuel bill.

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