Cebu Pacific Air Announces $24 Billion Agreement with Airbus for 152 Commercial Aircraft”.

Cebu Pacific Air, a major player in the Philippine aviation market, has entered into a preliminary agreement to purchase 152 aircraft from Airbus, an aircraft manufacturer. This deal is valued at $24 billion (€22.4 billion) at list prices, although discounts are expected. The order represents the largest aircraft order in the history of the Philippines.

Specifically, Cebu Pacific Air will be ordering 102 A321neo aircraft with an option for an additional 50 units. The A321neo is one of Airbus’ best-selling aircraft models, and the order backlog is significant. This collaboration underscores the importance of strong partnerships between aircraft manufacturers and airlines to meet the growing needs of the global aviation market.

Airbus has expressed gratitude to Cebu Pacific Air for their continued trust in their products and looks forward to finalizing the contract in the third quarter. This partnership solidifies the relationship between the two companies and emphasizes the importance of the Philippine aviation market for Airbus’ business strategy.

The agreement between Airbus and Cebu Pacific Air marks a significant milestone in the aviation industry, showcasing the growing demand for commercial aircraft in the region. As the deal progresses, both companies will work closely to ensure successful delivery and operation of the new aircraft. This collaboration highlights