Cebu Air Signs Deal to Buy Up to 152 Airbus Jets
By Kimberley Kao
Cebu Air has signed a purchase agreement to buy Airbus jets valued at $24 billion, an order the Philippines carrier said would be the largest in the country's history.
The airline, which operates under the name Cebu Pacific, said the agreement includes firm orders for 102 A321neo aircraft, plus purchase rights for 50 A320neo jets.
The jets are valued at $24 billion based on list prices, Cebu Pacific said. It added that it has chosen Pratt & Whitney engines for the jets.
"The selection of Airbus and Pratt & Whitney underscores our focus on operational efficiency, sustainability, and innovation, ensuring that we continue to deliver the highest standards of service while significantly reducing our carbon footprint," said Michael Szucs, chief executive of Cebu Pacific.
The preliminary deal was first announced in July, and no timeline for delivery of the jets has been specified.
Write to Kimberley Kao at kimberley.kao@wsj.com
(END) Dow Jones Newswires
October 03, 2024 00:35 ET (04:35 GMT)
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