CEBU Pacific (CEB) is proud to announce the signing of a historic purchase agreement with Airbus and Pratt & Whitney, an RTX company, for up to 152 A321neo aircraft, powered by Pratt & Whitney GTF engines.

The agreement with Airbus involves firm orders for up to 102 A321neo aircraft, plus 50 purchase rights of the A320neo family.

The acquisition – which requires a minimum commitment of 70 aircraft – is the largest in Philippine aviation history, valued at approximately $24 billion (P1.4 trillion) based on list prices for the aircraft. entire order for 152 aircraft. This purchase agreement reflects CEB’s unwavering optimism about the future of air transport and its unwavering commitment to meeting the evolving needs of passengers.

Cebu Pacific signs a historic purchase agreement with Airbus and Pratt & Whitney for up to 152 A321neo aircraft, powered by Pratt & Whitney GTF engines. PHOTO OF CEBU PACIFIC

“The choice of Airbus and Pratt & Whitney underlines the importance we place on operational efficiency, sustainability and innovation, ensuring that we continue to provide the highest standards of service while significantly reducing our carbon footprint,” said Cebu Pacific President and CEO Michael Szucs. “This important milestone demonstrates our continued commitment to increasing the accessibility and affordability of air travel while supporting the Philippines’ broader economic growth and connectivity goals.

Airbus says the purchase agreement demonstrates the airline’s confidence in its products and is a positive signal for the recovery of the aviation industry.

“The A320 family has supported the growth of Cebu Pacific’s domestic and international short-haul network over the past two decades. We are grateful to the airline for its continued support of our best-selling single-aisle product line. The A321neo is highly regarded for its unrivaled performance. “We are convinced that these additional A321neos will strongly contribute to the next phase of expansion of the 100% Airbus operator as one of the leading low-cost carriers in the Asia-Pacific region,” said Benoît de Saint- Exupéry, executive vice-president. president of commercial aircraft sales at Airbus.

“This latest order demonstrates the growing opportunities for aviation in the Philippines and the Asia-Pacific region as a whole. The GTF engine will enable Cebu Pacific to continue to expand the number of routes it offers to passengers, while providing industry-leading energy efficiency and sustainability benefits. ” says Rick Deurloo, president of commercial engines at Pratt & Whitney.

CEB was advised by Blue Skies Consultants on the new transactions with Airbus and Pratt & Whitney.