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Cebu Pacific Celebrates Agreement for up to 152 A321neo Aircraft Order with Airbus, RTX's Pratt & Whitney

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Cebu Pacific (CEB) has signed a memorandum of understanding (MOU) with Airbus and Pratt & Whitney for the purchase of up to 152 A321neo aircraft, valued at approximately $24 billion. This marks the largest aircraft order in Philippine aviation history. The agreement includes firm orders for up to 102 A321neo and 50 A320neo family purchase rights, all powered by Pratt & Whitney GTF™ engines.

CEB's CEO, Michael Szucs, emphasized the order's flexibility in adapting to market changes and supporting the airline's mission to make air travel more accessible. Airbus and Pratt & Whitney, an RTX business, expressed gratitude for CEB's confidence in their products. The purchase agreement is expected to be finalized in Q3 2024.

Cebu Pacific (CEB) ha firmato un memorandum d'intesa (MOU) con Airbus e Pratt & Whitney per l'acquisto di fino a 152 aeromobili A321neo, del valore di circa 24 miliardi di dollari. Questo rappresenta il più grande ordine di aeromobili nella storia dell'aviazione filippina. L'accordo include ordini fissi per un massimo di 102 A321neo e diritti d'acquisto per 50 aerei della famiglia A320neo, tutti alimentati dai motori Pratt & Whitney GTF™.

Il CEO di CEB, Michael Szucs, ha sottolineato la flessibilità dell'ordine nell'adattarsi ai cambiamenti del mercato e nel supportare la missione della compagnia aerea di rendere i viaggi aerei più accessibili. Airbus e Pratt & Whitney, un'azienda di RTX, hanno espresso gratitudine per la fiducia di CEB nei loro prodotti. Si prevede che l'accordo d'acquisto venga finalizzato nel terzo trimestre del 2024.

Cebu Pacific (CEB) ha firmado un memorando de entendimiento (MOU) con Airbus y Pratt & Whitney para la compra de hasta 152 aviones A321neo, valorados en aproximadamente 24 mil millones de dólares. Esto marca el mayor pedido de aeronaves en la historia de la aviación filipina. El acuerdo incluye órdenes firmes para hasta 102 A321neo y derechos de compra para 50 aviones de la familia A320neo, todos impulsados por motores Pratt & Whitney GTF™.

El CEO de CEB, Michael Szucs, enfatizó la flexibilidad del pedido para adaptarse a los cambios del mercado y apoyar la misión de la aerolínea de hacer que los viajes aéreos sean más accesibles. Airbus y Pratt & Whitney, un negocio de RTX, expresaron su agradecimiento por la confianza de CEB en sus productos. Se espera que el acuerdo de compra se finalice en el tercer trimestre de 2024.

세부 퍼시픽(Cebu Pacific, CEB)은 에어버스(Airbus)프랫 앤드 휘트니(Pratt & Whitney)와 함께 최대 152대의 A321neo 항공기를 구매하기 위한 양해각서(MOU)를 체결했습니다. 이 계약의 가치는 약 240억 달러에 달하며, 이는 필리핀 항공 역사상 최대의 항공기 주문입니다. 계약에는 최대 102대의 A321neo에 대한 확정 주문과, 프랫 앤드 휘트니 GTF™ 엔진이 장착된 A320neo 패밀리 항공기 50대에 대한 구매 권리가 포함되어 있습니다.

CEB의 CEO인 마이클 주크스(Michael Szucs)는 주문의 유연성이 시장 변화에 적응하고 항공사의 항공 여행을 더 접근 가능하게 만들기 위한 사명을 지원하는 데 중요하다고 강조했습니다. 에어버스와 프랫 앤드 휘트니는 RTX 비즈니스의 일원으로서 CEB의 제품에 대한 신뢰에 감사의 뜻을 전했습니다. 구매 계약은 2024년 3분기까지 마무리될 것으로 예상됩니다.

Cebu Pacific (CEB) a signé un protocole d'accord (MOU) avec Airbus et Pratt & Whitney pour l'achat de jusqu'à 152 avions A321neo, d'une valeur d'environ 24 milliards de dollars. Cela représente la plus grande commande d'avions de l'histoire de l'aviation philippine. L'accord comprend des commandes fermes pour jusqu'à 102 A321neo et des droits d'achat pour 50 avions de la famille A320neo, tous propulsés par des moteurs Pratt & Whitney GTF™.

Le PDG de CEB, Michael Szucs, a souligné la flexibilité de la commande pour s'adapter aux changements du marché et soutenir la mission de la compagnie aérienne de rendre les voyages aériens plus accessibles. Airbus et Pratt & Whitney, une entreprise de RTX, ont exprimé leur gratitude pour la confiance de CEB dans leurs produits. L'accord d'achat devrait être finalisé au troisième trimestre de 2024.

Cebu Pacific (CEB) hat ein Memorandum of Understanding (MOU) mit Airbus und Pratt & Whitney für den Kauf von bis zu 152 A321neo-Flugzeugen unterzeichnet, die einen Wert von etwa 24 Milliarden Dollar haben. Dies stellt die größte Flugzeugbestellung in der Geschichte der philippinischen Luftfahrt dar. Der Vertrag umfasst feste Bestellungen für bis zu 102 A321neo und Kaufrechte für 50 Flugzeuge der A320neo-Familie, alle angetrieben von Pratt & Whitney GTF™-Triebwerken.

Der CEO von CEB, Michael Szucs, betonte die Flexibilität der Bestellung, um sich an Marktveränderungen anzupassen und die Mission der Fluggesellschaft zu unterstützen, Flugreisen zugänglicher zu machen. Airbus und Pratt & Whitney, ein Unternehmen von RTX, drückten ihren Dank für das Vertrauen von CEB in ihre Produkte aus. Es wird erwartet, dass der Kaufvertrag im dritten Quartal 2024 abgeschlossen wird.

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Largest aircraft order in Philippine aviation history 

LONDON, July 22, 2024 /PRNewswire/ -- Farnborough Air Show – Cebu Pacific (CEB), Airbus, and Pratt & Whitney, held an official ceremony to commemorate a memorandum of understanding (MOU) signed for CEB's purchase of up to 152 A321neo aircraft for estimated USD $24 billion (PHP 1.4 trillion) based on list prices, the largest aircraft order in Philippine aviation history. Pratt & Whitney is an RTX (NYSE: RTX) business.

The binding MOU covers firm orders for up to 102 A321neo, plus 50 A320neo family purchase rights. CEB has selected Pratt & Whitney GTF™ engines to power the future aircraft.

"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," said Michael Szucs, chief executive officer of CEB. "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."

Airbus said the MOU is a testament to the airline's confidence in its products and a positive signal for the aviation industry's recovery.

"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," said Benoît de Saint-Exupéry, executive vice president sales of Commercial Aircraft at Airbus.

Pratt & Whitney expressed gratitude for CEB's continued confidence in the GTF engine, which the airline initially selected in 2012.

"This latest order demonstrates the growing opportunities for aviation in the Philippines and the larger Asia Pacific region," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. "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."

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

About Cebu Pacific
Cebu Pacific (CEB), the Philippines' leading airline, entered the aviation industry on March 8, 1996 and pioneered the "low fare, great value" strategy. It has flown over 200 million passengers since inception. CEB offers the widest domestic network in the Philippines with 35 domestic destinations. It also currently operates flights to 25 international destinations, spanning across Asia, Australia, and the Middle East.

About Airbus
Airbus pioneers sustainable aerospace for a safe and united world. The Company constantly innovates to provide efficient and technologically -advanced solutions in aerospace, defence, and connected services. In commercial aircraft, Airbus designs and manufactures modern and fuel-efficient airliners and associated services. Airbus is also a European leader in space systems, defence and security. In helicopters, Airbus provides efficient civil and military rotorcraft solutions and services worldwide.

About Pratt & Whitney 
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. To learn more, visit www.prattwhitney.com.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact:

Cebu Pacific cebcorpcommteam@cebupacificair.com

Airbus media@airbus.com

Pratt & Whitney corporatepr@rtx.com

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SOURCE RTX

FAQ

How many aircraft did Cebu Pacific order from Airbus in July 2024?

Cebu Pacific signed an MOU for up to 152 A321neo aircraft, including firm orders for up to 102 A321neo and 50 A320neo family purchase rights.

What is the value of Cebu Pacific's aircraft order with Airbus and RTX's Pratt & Whitney?

The order is valued at approximately $24 billion (PHP 1.4 trillion) based on list prices.

Which engines will power Cebu Pacific's new Airbus aircraft?

Cebu Pacific has selected Pratt & Whitney GTF™ engines to power their future Airbus A321neo aircraft.

When is the purchase agreement for Cebu Pacific's Airbus order expected to be finalized?

The purchase agreement is expected to be completed in the third quarter of 2024.

How does Cebu Pacific's Airbus order impact Philippine aviation history?

This order represents the largest aircraft order in Philippine aviation history.

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