5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Airbus plans facility expansion in Philippines

by
September 24, 2024
in Stock
0
Airbus plans facility expansion in Philippines
AIRBUS.COM

EUROPEAN aircraft manufacturer Airbus SE plans to expand its operations in the Philippines, seeing the country as a promising market, a company official said.

“Very much so, [the Philippines is an attractive market] for Airbus. We see, on the commercial aviation side, the massive growth in passenger numbers,” Airbus Chief Representative for the Philippines Jussi Hoikka said during a briefing on Tuesday.

“We see that with the activity of the airlines and on the defense and security side,” he added.

Airbus is expected to help bolster the Philippines’ air defense and is in talks with the Philippine Air Force to expand its fleets, Mr. Hoikka said.

“We are always in close discussions with the Air Force, we are in collaboration to meet their requirements,” he said.

Mr. Hoikka said Airbus is “well-placed” to support the Armed Forces of the Philippines’ military modernization initiative, which has a budget of about P2 trillion.

“Airbus relationship extends across commercial aircraft, defense, space, and helicopters. As the geopolitical landscape in the Asia-Pacific region becomes more complex, it is vital that nations like the Philippines are equipped with the tool to protect their sovereignty,” he said.

He noted that Airbus completed the Philippine Air Force’s order of seven C295 aircraft in 2021, originally placed in 2014.

‘’Airbus is confident of meeting the Philippines’ future military needs with our cutting-edge technologies and aircraft to help the AFP (Armed Forces of the Philippines) fulfill their missions to protect [the Philippine] sovereignty and ensure the safety of its citizens,” he said.

Airbus is also considering expanding its facility at the Ninoy Aquino International Airport.

“If the market demands it and obviously for an archipelagic nation like the Philippines, you can imagine that there are many places around the country that would need such services,” he said.

Airbus dominates the fleets of Philippine Airlines and Cebu Pacific.

In July, Cebu Pacific announced that it had agreed to buy up to 152 A321 new engine option (NEO) aircraft from Airbus, valued at P1.4 trillion or $24 billion, marking the largest aircraft order in the Philippines. — Ashley Erika O. Jose

Previous Post

Gov’t port repurposing boosts BuhaWind’s offshore wind plans

Next Post

How mWell fosters women in leadership for innovation

Next Post
How mWell fosters women in leadership for innovation

How mWell fosters women in leadership for innovation

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    One in six UK workers struggling to pay bills as second jobs hit record high

    One in six UK workers struggling to pay bills as second jobs hit record high

    July 12, 2025
    JuanHand earns Green Flag recognition from Filipino Fair Loans Advocacy Group (FILFLAG)

    JuanHand earns Green Flag recognition from Filipino Fair Loans Advocacy Group (FILFLAG)

    July 11, 2025
    United under one roof: How Puregold brought generations of OPM together in the Philippine Arena

    United under one roof: How Puregold brought generations of OPM together in the Philippine Arena

    July 11, 2025
    UK government considers rescue deal for Speciality Steel amid fears of collapse

    UK government considers rescue deal for Speciality Steel amid fears of collapse

    July 11, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.