Aircraft manufacturer Airbus has reached a preliminary agreement to supply 152 aircraft to Philippine carrier Cebu Pacific Air. The order is worth $24 billion (€22.4 billion) at list prices, although significant discounts are common.
According to Cebu, this is the largest aircraft order ever in the Philippines. Specifically, the company will order 102 aircraft of the A321neo type, with an option for another 50 units. The A321neo is Airbus’ best-selling aircraft. The order book is filled for years.
Low-cost carrier Cebu Pacific Air is the largest player in the Philippines, with a fleet of about 85 Airbus aircraft and a number of smaller propeller aircraft.
“We thank Cebu Pacific for its continued confidence in Airbus and its products, and we look forward to finalizing the contract,” Airbus said, adding that this would happen in the third quarter.
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