Cebu Pacific (PSE: CEB), the Philippines’ leading carrier, received its seventh aircraft delivery for the year, remaining steadfast in its efforts to strengthen operational resilience while addressing the ongoing demand for air travel.
The brand-new aircraft, a fuel-efficient A321neo, arrived at the Ninoy Aquino International Airport (NAIA) in Manila from Airbus’ facility in Hamburg, Germany on June 30.
CEB operates one of the youngest fleets in the world that enables the widest network coverage in the Philippines, with its diversified commercial fleet mix of:
- Eight (8) Airbus 330s
- 37 Airbus 320s
- 22 Airbus 321s
- 15 ATR turboprop aircraft
Airbus NEOs are the latest-generation aircraft that burn 15 percent less fuel per flight compared to the previous generation.
The reduction in fuel consumption leads to a corresponding reduction in aircraft carbon emissions.
On July 2, CEB announced that it has signed a binding Memorandum of Understanding (MOU) with Airbus for the purchase of up to 152 A321neo aircraft for USD $24 billion (PHP 1.4 trillion) based on list prices, the largest aircraft order in Philippine aviation history.
The purchase agreement to finalize the transaction is expected to be completed in the third quarter of the year.
CEB currently flies to 35 domestic and 25 international destinations spread across Asia, Australia, and the Middle East.
