Cebu Pacific has signed a memorandum of understanding to introduce up to 152 Airbus A321neo aircraft.
The breakdown includes 102 firm orders and an option for another 50 aircraft from the Airbus A320 family, with a catalogue price of $24 billion. The engines chosen for these aircraft are the Pratt & Whitney manufactured GTF engines.
CEO Michael Shucks commented, “This order aims to provide maximum flexibility with the swap capability between Airbus A321neo and Airbus A320neo, allowing us to increase our fleet size according to market conditions. If the deal is finalized, it will be a significant milestone for the aviation industry in the Philippines and will serve as testament to Cebu Pacific’s unwavering commitment to support the growth story of the Philippines.”
The official contract is expected to be finalized in the third quarter of this year.
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