From the Farnborough International Airshow today, Pratt & Whitney announced that Cebu Pacific has signed a MoU with Airbus for up to 152 GTF engine-powered A320neo Family jets, including 102 A321neos and 50 A320neos.
On Monday (July 22, 2024), from the 2024 Farnborough International Airshow (FIA), Pratt & Whitney announced that Cebu Pacific (CEB) has signed a Memorandum of Understanding (MoU) with Airbus for the purchase of up to 152 GTF-powered A320neo Family aircraft, including 102 A321neos and 50 A320neos. The deal, valued at $24 billion (PHP 1.4 trillion) at list prices, is the largest aircraft order in Philippine aviation history. Airbus originally announced this milestone order on July 2, 2024.
In Monday’s announcement, CEB’s Chief Executive Officer, Michael Szucs, said,
“The order is designed to give Cebu Pacific the flexibility to choose between the A321neo and A320neo aircraft as needed, helping us adapt to market changes. This deal is a significant milestone in our ongoing mission to make air travel more accessible and affordable for everyone while supporting the Philippine growth story.”
Also commenting on the landmark aircraft order, Airbus Commercial Aircraft’s EVP – Sales, Benoît de Saint-Exupéry, said,
“We thank Cebu Pacific for its ongoing confidence in Airbus and its products. These latest generation aircraft will enable the carrier to reduce its operating costs and continue to offer low fares in a competitive market environment. We look forward to continuing to work with the airline as it builds on its position as one of the leading low-cost carriers in the Asia-Pacific region.”
Pratt & Whitney’s President of Commercial Engines, Rick Deurloo, added,
“This latest order demonstrates the growing opportunities for aviation in the Philippines and the larger Asia Pacific region. Our GTF engine will power this growth while delivering industry-leading fuel efficiency and sustainability benefits for single-aisle aircraft. Cebu Pacific's order attests to the value it provides.”
Launched on March 8, 1996, Cebu Pacific (CEB) is the Philippines’ leading airline, offering guests low fares and great value. Cebu Pacific currently offers service to 35 domestic and 25 international destinations across Asia, Australia, and the Middle East, and has served over 200 million guests since inception. By 2028, the carrier plans on transitioning their entire fleet to Airbus A320neo and A330neo Family aircraft. The latest generation neo aircraft offer at least a 15 percent reduction in fuel burn and emissions compared to the aircraft they replace.
A division of Raytheon Technologies Corporation (NYSE: RTX), Pratt & Whitney is a global leader in the design, manufacture and service of aircraft and helicopter engines and auxiliary power units (APUs) for commercial, military, regional, business and general aviation aircraft. Pratt & Whitney is known for their innovative technologies such as the Geared Turbofan (GTF) commercial aircraft engine and the PW800 business jet engine. Arlington, Virginia-based RTX is the world’s largest aerospace and defense company, employing over 185,000 team members worldwide. The company’s industry-leading business units include Collins Aerospace, Pratt & Whitney and Raytheon. In 2023, RTX generated sales totaling $68.9 billion.
Source(s): Pratt & Whitney – an RTX Company, Cebu Pacific