Cebu Pacific Air has reached a preliminary agreement with Airbus to purchase 152 aircraft, worth $24 billion (€22.4 billion) at list prices. This marks the largest aircraft order ever in the Philippines, with Cebu Pacific committing to purchasing 102 A321neo aircraft and an option for another 50 units. The A321neo is Airbus’ best-selling aircraft, and the order book for these planes is filled for years to come.
Airbus expressed gratitude to Cebu Pacific for their continued confidence in their products and looks forward to finalizing the contract in the third quarter. This deal solidifies the partnership between the two companies and underscores Airbus’ position as a leading aircraft manufacturer in the industry.
Cebu Pacific Air is already one of the largest players in the Philippines aviation market, with a fleet of about 85 Airbus aircraft and some smaller propeller planes. The company is committed to expanding its fleet and offering more flights to its customers. With this new order, Cebu Pacific will be able to add more capacity to its existing fleet and provide better service to its passengers.
The A321neo is a highly advanced aircraft that offers improved fuel efficiency, reduced emissions, and enhanced cabin comfort compared to older models of planes. It also features state-of-the-art technology such as touchscreens on seatback pockets, which allows passengers to stream movies or music during long flights. This new order will help Cebu Pacific expand its operations and offer even more convenient travel options for Filipinos across Asia Pacific regions.
Overall, this deal highlights the growing demand for modern aviation technology in Asia Pacific region and underscores Airbus’ position as a leading manufacturer of advanced aircraft models that meet this demand.
In conclusion, this large scale deal between Cebu Pacific Air and Airbus marks a significant milestone in the Philippine aviation market, showcasing both companies’ commitment towards growth and innovation in air travel industry.
