Cebu Pacific said Wednesday it signed a P1.4-trillion purchase agreement with Airbus and Pratt & Whitney 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. The acquisition—which has a minimum commitment of 70 aircraft—is the largest in Philippine aviation history, valued at about $24 billion based on list prices for the entire 152-aircraft order.
“The selection of Airbus and Pratt & Whitney underscores our focus on operational efficiency, sustainability, and innovation,” said Cebu Pacific CEO Michael Szucs. “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 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.
Cebu Pacific was advised by Blue Skies Consultants on the new transactions with Airbus and Pratt & Whitney.
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