Largest Aircraft Order in Philippine Aviation History
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Cebu Pacific (CEB), Airbus, and Pratt & Whitney (P&W), held an official ceremony to commemorate a memorandum of understanding (MOU) signed for CEB's purchase of up to 152 A321neo aircraft for estimated USD $24 billion (PHP 1.4 trillion) based on list prices, the largest aircraft order in Philippine aviation history, according to P&W, an RTX business.
The binding MOU covers firm orders for up to 102 A321neo, plus 50 A320neo family purchase rights. CEB has selected Pratt & Whitney GTF engines to power the future aircraft.
"The order is designed to give Cebu Pacific the flexibility to choose between the A321neo and A320neo aircraft as needed, helping us adapt to market changes," said Michael Szucs, chief executive officer of CEB. "This deal is a significant milestone in our ongoing mission to make air travel more accessible and affordable for everyone while supporting the Philippine growth story."
Pratt & Whitney expressed gratitude for CEB's continued confidence in the GTF engine, which the airline initially selected in 2012.
"This latest order demonstrates the growing opportunities for aviation in the Philippines and the larger Asia Pacific region," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney.
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