7 months Cebu Pacific sets 2019 capex at $650-700M Manilatimes |Biz
LISTED Cebu Air Inc. (Cebu Pacific) is looking to spend up to $700 million as its general working capital this year, its top official said on Thursday. According to Cebu Pacific President and Chief Executive Officer Lance Gokongwei, his company’s capital expenditures (capex) may range from $650 million to $700 million, which will come from internally generated and borrowed funds. Part of the budget would be used to acquire aircraft, he told reporters during the press briefing on the delivery of Cebu Pacific’s first Airbus A321neo (new engine option) plane in Makati City. The figures represented an increase from “a ... more