Cebu Pacific (CEB), the Philippines’ leading carrier, has signed a binding Memorandum of Understanding (MOU) with Airbus. The agreement is for the purchase of up to 152 A321neo aircraft, valued at USD 24 billion (PHP 1.4 trillion). This deal represents the largest aircraft order in Philippine aviation history. CEB has selected Pratt & Whitney GTF engines to power these future aircraft. The MOU includes firm orders for up to 102 A321neo aircraft. Additionally, it covers purchase rights for 50 A320neo Family aircraft.
CEB Chief Executive Officer Michael Szucs, said, “The order is designed to provide Cebu Pacific with maximum flexibility to adapt fleet growth to market conditions, with the ability to switch between the A321neo and A320neo. When finalized, the deal will be a significant milestone for the local airline industry and a testament to CEB’s unwavering commitment to support the Philippine growth story.”