Cebu Pacific Signs Landmark Purchase Agreement for 152 Airbus A321neo Aircraft
October 2, 2024 — Cebu Pacific, the Philippines’ leading airline, has signed a historic purchase agreement with Airbus and Pratt & Whitney for up to 152 A321neo aircraft. This milestone marks the largest aircraft order in Philippine aviation history, with a total value of approximately $24 billion (PHP 1.4 trillion) based on list prices.
This strategic acquisition highlights Cebu Pacific’s commitment to expanding its fleet, improving fuel efficiency, and enhancing the passenger experience while supporting the recovery and growth of the aviation industry.
Details of the Purchase Agreement
Cebu Pacific’s deal with Airbus includes firm orders for 102 A321neo aircraft and purchase rights for 50 additional A320neo family aircraft. With Pratt & Whitney’s GTF™ engines powering the planes, the agreement emphasizes operational efficiency and sustainability.
This purchase also demonstrates Cebu Pacific’s confidence in the future of air travel, as the airline continues to invest in innovation and expansion, aiming to provide more affordable and accessible flights for everyJuan.
A Commitment to Efficiency and Sustainability
The Airbus A321neo is well-known for its unparalleled fuel efficiency, performance, and economics, making it an ideal choice for Cebu Pacific as the airline expands its domestic and short-haul international routes. The use of Pratt & Whitney GTF™ engines will further enhance fuel efficiency, allowing the airline to meet its sustainability goals while continuing to grow its route network.
“Cebu Pacific’s selection of Airbus and Pratt & Whitney demonstrates our focus on operational excellence, sustainability, and delivering value to our passengers. This acquisition will allow us to serve more passengers and support the Philippines’ connectivity goals,” said Michael Szucs, CEO of Cebu Pacific.
Supporting the Growth of Philippine Aviation
This latest order signals Cebu Pacific’s unwavering optimism about the future of aviation in the Philippines and the broader Asia-Pacific region. According to Benoît de Saint-Exupéry, Executive Vice President of Airbus Commercial Aircraft Sales, the A321neo’s outstanding performance will support Cebu Pacific’s expansion as a key player in the region’s aviation market.
Similarly, Rick Deurloo, President of Pratt & Whitney’s Commercial Engines Division, remarked that this order highlights the continued growth opportunities for air travel in the region.
What This Means for Passengers
With this new fleet of A321neo aircraft, Cebu Pacific passengers can expect improved in-flight experiences, lower carbon emissions, and greater accessibility to a broader range of domestic and international destinations. The airline’s ongoing investment in its fleet ensures that travelers will continue to benefit from affordable flights while enjoying more efficient and environmentally friendly travel.
About Cebu Pacific
Cebu Pacific entered the aviation industry in 1996, pioneering the “low fare, great value” strategy in the Philippines. Since its inception, the airline has flown over 200 million passengers and continues to operate the widest domestic network in the country. Currently, it serves 35 domestic destinations and 26 international destinations across Asia, Australia, and the Middle East.
For more information, visit Cebu Pacific’s website.
With this groundbreaking purchase agreement, Cebu Pacific is set to lead the next chapter of Philippine aviation, focusing on efficiency, sustainability, and affordability for travelers.