Cebu Pacific inked a 12-year maintenance cost per hour agreement with GE Engine Services for maintenance, overhaul and repair of the 31 CFM56-5Bs that will power its new fleet of A319s/320s. According to GE, the agreement is worth $50 million. Cebu Pacific is scheduled to take delivery of 12 new A319s it ordered last December between 2005 and 2007. It will take two A320s in April and May.

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