Airbus has secured an expansive order for up to 152 new aircraft worth an estimated $24 billion from Cebu Pacific, a low-cost carrier that is The Philippines largest airline. The order was secured by a memo of understanding between the OEM, the airline, and Pratt & Whitney, which has been selected to supply its GTF engines as the power supplies for the new jets.
It’s said to be the largest aircraft order in Philippine aviation history.
The airline’s CEO Michael Szucs called the order “a significant milestone in our ongoing mission to make air travel more accessible and affordable for everyone while supporting the Philippine growth story."
No deliver schedule was detailed.
According to information provided by Pratt & Whitney, the order covers 102 A321neo aircraft and purchase rights for 50 more jets from the A320neo series.
“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.
The A321neo is a twin-engine, narrowbody aircraft that typically carries 180 to 220 passengers and is the longest variant of the A320neo series. Based on the A321 aircraft that was introduced in 1994, it was modified and reengined with the more fuel-efficient, geared turbofan GTF engine developed by Pratt & Whitney.
The ‘neo’ suffix designates the “new engine option” introduced in 2017.
