Cebu Pacific (PSE: CEB) has earned international recognition after winning Sustainability Aviation Lease Deal of the Year at the 2025 Airline Economics Sustainability Deals Awards in London.
The award honored Cebu Pacific’s sustainability-linked Japanese Operating Lease with Call Option (JOLCO), which financed the delivery of a brand-new Airbus A321neo in December 2024. The deal marks a first for a Southeast Asian low-cost carrier, as such financing structures are typically reserved for major global airlines.
Cebu Pacific CEO Mike Szucs personally accepted the award during the ceremony held at the Natural History Museum.
“Sustainability is integral to how we grow as an airline. By linking our financing to sustainability goals, we show that strategy and responsibility can work together. It strengthens the business, allows us to invest in modern fuel-efficient aircraft, and creates value for our customers,” said Mark Cezar, Cebu Pacific Chief Financial Officer.
Under the JOLCO arrangement, Cebu Pacific committed to measurable carbon reduction targets, with financial incentives tied to its progress. The newly acquired A321neo, which is 20% more fuel-efficient than older-generation aircraft, supports the airline’s long-term goal of transitioning to an all-NEO fleet and reducing its carbon footprint.
