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Cebu Pacific has clinched the Sustainability Aviation Lease Deal of the Year at the 2025 Airline Economics Sustainability Deals Awards in London
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The award recognized Cebu Pacific’s sustainability-linked Japanese Operating Lease with Call Option, which financed the delivery of a brand-new Airbus A321neo in December 2024
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Cebu Pacific noted it is the only low-cost carrier in Southeast Asia able to secure this type of financing—a structure often reserved for a select group of global airlines
Cebu Pacific has clinched the Sustainability Aviation Lease Deal of the Year at the 2025 Airline Economics Sustainability Deals Awards in London.
The award given on September 17 recognized Cebu Pacific’s sustainability-linked Japanese Operating Lease with Call Option (JOLCO), which financed the delivery of a brand-new Airbus A321neo in December 2024. Cebu Pacific noted it is the only low-cost carrier in Southeast Asia able to secure this type of financing—a structure often reserved for a select group of global airlines.
The Airline Economics Sustainability Awards honor companies and individuals in finance and leasing that drive meaningful progress in decarbonizing the aviation industry.
“Sustainability is integral to how we grow as an airline. By linking our financing to sustainability goals, we show that strategy and responsibility can work together. It strengthens the business, allows us to invest in modern fuel-efficient aircraft, and creates value for our customers,” Cebu Pacific chief financial officer Mark Cezar said in a statement.
READ: Cebu Pacific completes first all-electric aircraft turnaround
Under the deal, Cebu Pacific committed to measurable targets to reduce the carbon emission intensity of its fleet. Meeting these goals would entitle the airline to financial incentives.
The A321neo acquired through the JOLCO financing is part of the airline’s long-term strategy to transition to an all-NEO (new engine option) fleet, an important step in its commitment to decarbonize operations. NEOs are 20% more fuel-efficient than older-generation aircraft, significantly reducing carbon emissions per flight.
