“MANILA/PARIS (Reuters) – Airbus won a $7 billion order to help more than triple Philippine Airlines Inc’s fleet , beating Boeing Coto a deal despite U.S. support for Manila in a diplomatic dispute with China.
The flag carrier plans to buy up to 100 new jets in total within the next five to seven years, its biggest ever fleet expansion in its 71-year history, as it restructures operations to become a low-cost carrier and regain dominance of the local market from arch-rival Cebu Air Inc .”
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