The 15-aircraft order includes up to 10 A321XLR (Xtra Long Range) jets, the world’s longest-range single-aisle aircraft.
SINGAPORE – Cebu Pacific (PSE: CEB), signed a Purchase Agreement with Airbus SAS for the order of 15 A320NEO (New Engine Option) family aircraft. The transaction is valued at USD2 Billion.
The 15-aircraft order includes up to 10 A321XLR (Xtra Long Range) jets, the world’s longest-range single-aisle aircraft.
The Purchase Agreement is part of the Memorandum of Understanding signed by Cebu Pacific with Airbus in June 2019 during the Paris Air Show for an order of 31 next generation aircraft The Purchase Agreement for 16 widebody A330 NEO aircraft was already finalized in October, and this latest Purchase Agreement completes the remaining part of the Memorandum of Understanding.
The aircraft are scheduled for delivery between 2021 and 2024, and by 2024, Cebu Pacific expects to have an all-next generation fleet of Airbus jets.
Year-to-date, Cebu Pacific has accepted delivery of 10 brand-new aircraft—five (5) Airbus A321NEO and four (4) A320NEO; as well as an ATR 72-600. The CEB fleet is comprised of a total of 75 aircraft, including seven (7) Airbus A321CEO, 30 Airbus A320, eight (8) A330, seven (7) ATR 72-500, 12 ATR 72-600, and an ATR Cargo Freighter. The ATR aircraft is used by subsidiary Cebgo to service inter-island flights in the Philippines where jet operations are not possible.
CEB boasts of one of the youngest fleets in the world, with an average fleet age of five (5) years.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
