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Safran SA (0IU8.L)
- Reuters SG
Philippines' Cebu Pacific to decide Airbus vs Boeing for 100 narrowbody jets order in Q2
Philippine budget airline Cebu Pacific will decide in May or June whether to choose Airbus or Boeing for an order of more than 100 narrowbody aircraft flagged last year, the carrier's CEO Michael Szucs said. Cebu Pacific is deciding whether to choose a combination of Airbus' A320neo and A321neo models or Boeing's high-capacity 737 MAX 8-200 and 737 MAX 10 for delivery from 2027, he said in an interview on the sidelines of the Singapore Airshow.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Ronesans Holding Chairman Erman Ilicak said France's TotalEnergies had acquired a 50% stake in the Turkish conglomerate's renewable energy subsidiary Ronesans Enerji. The company did not provide detail on the price of the acquisition. ** French aerospace group Safran said it had made a cash offer to buy the actuation and flight control business of Collins Aerospace in a deal valuing it at $1.8 billion, to become a leader in certain critical cockpit functions.
