Jean-Francois Laval, center, Senior Vice President for Sales Asia of Airbus, Lucio Tan, left, Chairman and CEO of Philippine Airlines, and Ramon S. Ang, President and COO of Philippine Airlines attend... more 
Jean-Francois Laval, center, Senior Vice President for Sales Asia of Airbus, Lucio Tan, left, Chairman and CEO of Philippine Airlines, and Ramon S. Ang, President and COO of Philippine Airlines attend a news conference Tuesday Aug. 28, 2012 in Manila, Philippines. Flag-carrier Philippine Airlines says it has signed a $7 billion deal to buy 54 Airbus jets as part of an ambitious plan to overhaul its fleet to meet higher demands for transporting passengers and cargo in Asia, the Middle East and Australia. (AP Photo/Bullit Marquez) less 
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Associated Press | Photo By Bullit Marquez
Tue, Aug 28, 2012 6:25 AM EDT