Cebu Pacific’s historic $24 billion order with Airbus includes up to 152 A321neo aircraft, powered by Pratt & Whitney GTF engines.
Cebu Pacific (CEB), the Philippines’ leading carrier, has signed a binding Memorandum of Understanding (MOU) with Airbus. The agreement is for the purchase of up to 152 A321neo aircraft, valued at USD 24 billion (PHP 1.4 trillion). This deal represents the largest aircraft order in Philippine aviation history. CEB has selected Pratt & Whitney GTF engines to power these future aircraft. The MOU includes firm orders for up to 102 A321neo aircraft. Additionally, it covers purchase rights for 50 A320neo Family aircraft.
CEB Chief Executive Officer Michael Szucs, said, “The order is designed to provide Cebu Pacific with maximum flexibility to adapt fleet growth to market conditions, with the ability to switch between the A321neo and A320neo. When finalized, the deal will be a significant milestone for the local airline industry and a testament to CEB’s unwavering commitment to support the Philippine growth story.”
Cebu Pacific (CEB), the Philippines’s leading airline, entered the aviation industry in March 1996 and pioneered the ‘low fare, great value’ strategy, flying over 200 million passengers since its inception. CEB offers the widest domestic network in the Philippines, with 35 domestic destinations, and operates flights to 23 international destinations across Asia, Australia, and the Middle East. The airline operates from three strategically placed hubs: Manila, Cebu, and Clark.
Also Read – Gogo Aviation advances with Global OTA updates
They anticipate finalizing the purchase agreement in the third quarter of the year. This finalization marks a significant milestone for both Cebu Pacific and Airbus.
Q. – What is the MOU signed by Cebu Pacific with Airbus for?
A. – Up to 152 A321neo aircraft.
Q. – How much is the deal with Airbus worth?
A. – USD 24 billion (PHP 1.4 trillion).
