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Cebu Pacific said Tuesday it signed an agreement with Airbus to purchase up to 152 A321neo aircraft for $24 billion or nearly P1.4 trillion, making it the largest aircraft order in Philippine aviation industry.
“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,” said Cebu Pacific chief executive Michael Szucs. The purchase agreement to finalize the transaction is expected to be completed by the third quarter of 2024.Cebu Pacific operates one of the youngest fleets in the world, with its diversified fleet mix of 74 aircraft enabling the widest network coverage in the Philippines.Cebu Pacific flies to 35 domestic and 25 international destinations across Asia, Australia and the Middle East.
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