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๐‚๐ž๐›๐ฎ ๐๐š๐œ๐ข๐Ÿ๐ข๐œ, ๐€๐ข๐ซ๐›๐ฎ๐ฌ ๐ฌ๐ข๐ ๐ง ๐Œ๐Ž๐” ๐Ÿ๐จ๐ซ ๐ฎ๐ฉ ๐ญ๐จ ๐Ÿ๐Ÿ“๐Ÿ ๐€๐ข๐ซ๐œ๐ซ๐š๐Ÿ๐ญย 

Cebu Pacific (CEB), the Philippineโ€™s leading carrier, has signed a binding Memorandum of Understanding  (MOU) with Airbus for the purchase of up to 152 A321neo aircraft for USD $24 billion (PHP 1.4 trillion)  based on list prices, the largest aircraft order in Philippine aviation history. 

CEB has selected Pratt & Whitney GTFโ„ข engines to power the future aircraft. The MOU covers firm orders  for up to 102 A321neo, plus 50 A320neo Family purchase rights. 

โ€œThe 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,โ€ said CEB Chief Executive  Officer Michael Szucs. 

โ€œWhen finalized, the deal will be a significant milestone for the local airline industry and a testament to  CEBโ€™s unwavering commitment to support the Philippine growth story.โ€ 

The purchase agreement to finalize this transaction is expected to be completed in the third quarter of theย  year.

(Photo by MIAA)

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