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                    [ArticleID] => 303040
                    [Title] => Cebu Pacific closes $25.83-M loan for Airbus purchase
                    [Summary] => Cebu Air Inc., the airline unit of tycoon John Gokongwei, has closed a  $25.83-million loan from various export credit agencies for the purchase of one  Airbus A319-100 in line with its ongoing refleeting program.


This was disclosed by Cebu Air’s parent firm JG Summit Holdings Inc. to the Philippine Stock Exchange yesterday. The airline company operates under the Cebu Pacific fleet.


JG Summit said it has agreed to be one of the guarantors for the transaction with export credit agencies Euler Hermes, Coface, and the  UK’s Export Credits Guarantee Department.

                    [DatePublished] => 2005-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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EXPORT CREDITS GUARANTEE DEPARTMENT

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                    [ArticleID] => 303040
                    [Title] => Cebu Pacific closes $25.83-M loan for Airbus purchase
                    [Summary] => Cebu Air Inc., the airline unit of tycoon John Gokongwei, has closed a  $25.83-million loan from various export credit agencies for the purchase of one  Airbus A319-100 in line with its ongoing refleeting program.


This was disclosed by Cebu Air’s parent firm JG Summit Holdings Inc. to the Philippine Stock Exchange yesterday. The airline company operates under the Cebu Pacific fleet.


JG Summit said it has agreed to be one of the guarantors for the transaction with export credit agencies Euler Hermes, Coface, and the  UK’s Export Credits Guarantee Department.

                    [DatePublished] => 2005-10-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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abtest

Cebu Pacific closes $25.83-M loan for Airbus purchase

By Zinnia B. Dela Peña | October 22, 2005 - 12:00am

Cebu Air Inc., the airline unit of tycoon John Gokongwei, has closed a $25.83-million loan from various export credit agencies for the purchase of one Airbus A319-100 in line with its ongoing refleeting program. This...

Business