Cebu Air, Inc. Signs Purchase Agreement for up to 152 Aircraft Order

Cebu Pacific proudly 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 covers firm orders for up to 102 A321neo, plus 50 A320neo Family purchase rights.

This acquisition — which has a minimum commitment of 70 aircraft --- is the largest in Philippine aviation history, valued at approximately USD $24 billion (PHP 1.4 trillion) based on list prices for the entire 152 aircraft order. This purchase agreement reflects CEB’s unwavering optimism for the future of air travel and steadfast 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 at Cebu Pacific. “This milestone signals our ongoing dedication to expanding air travel accessibility and affordability, while supporting the Philippines' broader economic growth and connectivity goals.”

Airbus said the purchase agreement is a testament to the airline’s confidence in its products and a positive signal for the aviation industry’s recovery.

​“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 bestselling single aisle product line. The A321neo is highly regarded for its unparalleled economics, performance and fuel efficiency. We’re confident that these additional A321neo 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, sales of commercial aircraft business at Airbus.  

“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 Pratt & Whitney. 

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

Cebu Pacific (CEB), the Philippines' leading airline, entered the aviation industry on March 8, 1996 and pioneered the "low fare, great value" strategy. It has flown over 200 million passengers since inception. CEB offers the widest domestic network in the Philippines with 35 domestic destinations. It also currently operates to 26 international destinations, spanning across Asia, Australia, and the Middle East.

Airbus pioneers sustainable aerospace for a safe and united world. The Company constantly innovates to provide efficient and technologically advanced solutions in aerospace, defence, and connected services. In commercial aircraft, Airbus designs and manufactures modern and fuel-efficient airliners and associated services. Airbus is also a European leader in space systems, defence and security. In helicopters, Airbus provides efficient About Pratt & Whitney civil and military rotorcraft solutions and services worldwide.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units.

With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.