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Cebu Pacific signed a purchase agreement with Airbus and Pratt & Whitney for up to 152 A321neo aircraft on October 2
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The order is worth about US$24 billion (P1.4 trillion)
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Representing the largest aircraft acquisition in Philippine aviation history, the agreement finalizes a binding MOU signed on July 22
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It covers firm orders for up to 102 A321neo, plus 50 A320neo Family purchase rights, with a minimum commitment of 70 aircraft
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The first batch will be delivered in 2029
Cebu Pacific signed a purchase agreement with Airbus and Pratt & Whitney (P&W) for up to 152 A321neo aircraft worth an estimated US$24 billion (P1.4 trillion).
The agreement signed on October 2 finalizes a binding memorandum of understanding inked on July 22 and represents the largest aircraft acquisition in Philippine aviation history. It covers firm orders for up to 102 A321neo, plus 50 A320neo Family purchase rights, with a minimum commitment of 70 aircraft.
P&W GTF™ engines will power the future aircraft.
The first batch will be delivered in 2029.
READ: Cebu Pacific to purchase 152 aircraft, the largest order in PH aviation history
“The selection of Airbus A321neo 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,” Cebu Pacific chief executive officer Mike Szucs said in a statement.
“This milestone signals our ongoing dedication to expanding air travel accessibility and affordability, while supporting the Philippine’s broader economic growth and connectivity goals,” he added.
Benoît de Saint-Exupéry, executive vice president sales of the commercial aircraft business at Airbus, said: “The A320 Family has supported Cebu Pacific’s domestic and short-haul international network growth over the last two decades. We’re 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’re confident that 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.”
“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 to expand the number of routes it offers to passengers, while delivering industry-leading fuel efficiency and sustainability benefits,” said Rick Deurloo, president of commercial engines at P&W.
Cebu Pacific last year asked both Airbus and Boeing to submit proposals.
The low-cost airline operates 61 A320 family aircraft on its regional network. In addition, it flies nine A330 widebodies on high-density routes in the region, as well as to destinations in the Middle East.
Following the latest order, the airline’s backlog with Airbus now stands at 94 A320neo Family aircraft and seven A330neo.
The A321neo is the largest member of Airbus’ best-selling A320neo family, offering unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50% noise reduction and more than 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft, while maximizing passenger comfort in the widest single-aisle cabin in the sky.
To date more than 6,500 A321neo have been ordered by more than 90 customers across the globe.
