Airbus stated that the MOU reflects the airline’s confidence in its products and signals positive recovery trends in the aviation industry.

“We thank Cebu Pacific for its ongoing confidence in Airbus and its products. These latest-generation aircraft will enable the carrier to reduce its operating costs and continue to offer low fares in a competitive market environment. We look forward to continuing to work with the airline as it builds on its position as one of the leading low-cost carriers in the Asia-Pacific region,” said Benoît de Saint-Exupéry, executive vice president sales of Commercial Aircraft at Airbus.

Pratt & Whitney expressed gratitude for CEB’s continued confidence in their GTF engine, which was initially selected by Cebu Pacific in 2012.

“This latest order demonstrates the growing opportunities for aviation in the Philippines and the larger Asia-Pacific region,” said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. “Our GTF engine will power this growth while delivering industry-leading fuel efficiency and sustainability benefits for single-aisle aircraft. Cebu Pacific’s order attests to the value it provides.”

The purchase agreement finalizing this transaction is expected by Q3 of this year.