Cebu Pacific Boosts Fleet with New A321neo

1 of 3

By Francis Allan L. Angelo

Cebu Pacific (PSE: CEB), the Philippines’ leading airline, has received its seventh aircraft delivery of 2024, underscoring its commitment to enhancing operational resilience and meeting the growing demand for air travel.

The latest addition, a fuel-efficient A321neo, arrived at Ninoy Aquino International Airport (NAIA) in Manila from Airbus’ facility in Hamburg, Germany, on June 30.

“This aircraft delivery reaffirms our commitment to providing safe, affordable, and accessible flights for every Juan. We look forward to carrying more passengers to their chosen destinations as we continue to expand not only our network, but also our fleet,” said Xander Lao, CEB President and Chief Commercial Officer.

The A321neo is part of Cebu Pacific’s diverse and youthful fleet, which includes eight Airbus 330s, 37 Airbus 320s, 22 Airbus 321s, and 15 ATR turboprop aircraft.

The airline’s fleet is among the youngest in the world, contributing to its extensive network coverage across the Philippines and beyond.

In addition to its latest delivery, Cebu Pacific announced on July 2 that it has signed a binding Memorandum of Understanding (MOU) with Airbus for the purchase of up to 152 A321neo aircraft.

Valued at USD $24 billion (PHP 1.4 trillion) based on list prices, this represents the largest aircraft order in Philippine aviation history. The purchase agreement is expected to be finalized in the third quarter of the year.

“The order is designed to provide Cebu Pacific with maximum flexibility to adapt fleet growth to market conditions, with the ability to switch between the A321neo and A320neo,” said CEB Chief Executive Officer Michael Szucs. “When finalized, the deal will be a significant milestone for the local airline industry and a testament to CEB’s unwavering commitment to support the Philippine growth story.”

The new A321neo aircraft, equipped with Pratt & Whitney GTF™ engines, are expected to enhance Cebu Pacific’s operational efficiency.

These engines are designed to burn 15 percent less fuel per flight compared to the previous generation, significantly reducing carbon emissions.

Cebu Pacific currently flies to 35 domestic and 25 international destinations across Asia, Australia, and the Middle East.

The airline’s expansion efforts are geared toward providing more travel options and fostering growth in the Philippine aviation sector.