News in Numbers

Filipino airline Cebu Pacific is adding up to 152 new aircraft to its fleet after signing a $24bn order with Airbus for at least 70 A321neo jets and options for 82 more. The order is believed to be the largest aircraft deal in Philippine aviation history.

The US Federal Aviation Administration has revealed more than $2bn in grants for airports nationwide as the government continues a major investment programme into the national aviation infrastructure.

Automotive manufacturer Toyota Motor Corporation is investing $500m into electric vertical takeoff and landing (eVTOL) company Joby Aviation to support the final stages of development on its electric air taxi aircraft.

BETA Technologies, a Vermont-based company that manufactures electric vertical take-off and landing (eVTOL) aircraft, has garnered $318m in a Series C equity capital round. The round, led by Qatar Investment Authority (QIA), resulted in increased ownership from existing investors such as Fidelity Management & Research Company and TPG Rise Climate.

A federal court has approved an AUD100m ($67.3m) fine against Qantas for selling tickets for cancelled flights and failing to inform customers quickly about cancellations after an investigation by the Australian Competition and Consumer Commission.