Philippine airline Cebu Pacific (CEB) has signed a Memorandum of Understanding (MOU) with Airbus for the purchase of up to 152 A321neo aircraft for $24bn at list prices.
Cebu described the deal, once finalised, as “the largest aircraft order in Philippine aviation history”.
The MOU covers orders for up to 102 A321neos, plus 50 A320neo Family aircraft purchase rights.
“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 CEB chief executive officer Michael Szucs.
“When finalised, the deal will be a significant milestone for the local airline industry and a testament to CEB’s unwavering commitment to support the Philippine growth story.”
The purchase agreement is expected to be completed in the third quarter of 2024.
Cebu commits to 152 A321neo order
