Cebu Air Announces ₱1.4 Trillion Aircraft Purchase

Cebu Pacific has announced the signing of a landmark purchase agreement with Airbus and Pratt & Whitney, an RTX business, for up to 152 A321neo aircraft, equipped with Pratt & Whitney GTF™ engines.

The agreement with Airbus includes firm orders for up to 102 A321neo aircraft, along with purchase rights for 50 additional aircraft from the A320neo Family. I Photo: Cebu Pacific Air Facebook

The agreement with Airbus includes firm orders for up to 102 A321neo aircraft, along with purchase rights for 50 additional aircraft from the A320neo Family.

This acquisition, with a minimum commitment of 70 aircraft, marks the largest in Philippine aviation history, valued at approximately USD $24 billion (PHP 1.4 trillion) based on list prices for the full order of 152 aircraft.

This purchase reflects Cebu Pacific’s unwavering optimism for the future of air travel and its commitment to meeting the evolving needs of passengers.

“The selection of Airbus and Pratt & Whitney underscores our focus on operational efficiency, sustainability, and innovation, ensuring that we continue to deliver the highest standards of service while significantly reducing our carbon footprint,” said Michael Szucs, Chief Executive Officer of Cebu Pacific.

“This milestone demonstrates our ongoing dedication to expanding air travel accessibility and affordability, while supporting the Philippines' broader economic growth and connectivity goals.”

Airbus stated that the purchase agreement is a testament to the airline’s confidence in its products and signals optimism for the aviation industry’s recovery.

“The A320 Family has supported Cebu Pacific’s domestic and short-haul international network growth over the past two decades. We are grateful to the airline for its continued endorsement of our best-selling single-aisle product line. The A321neo is highly regarded for its unparalleled economics, performance, and fuel efficiency. We are confident these additional A321neo aircraft will contribute strongly to the all-Airbus operator’s next phase of expansion as one of Asia-Pacific’s leading low-cost carriers,” said Benoît de Saint Exupéry, Executive Vice President of Sales for Airbus' commercial aircraft business.

“This latest order demonstrates the growing opportunities for aviation in the Philippines and the larger Asia-Pacific region. The GTF engine will enable Cebu Pacific to continue expanding its route network while delivering industry-leading fuel efficiency and sustainability benefits,” said Rick Deurloo, President of Commercial Engines at Pratt & Whitney.

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