Cebu Pacific in talks with Airbus and Boeing to acquire 100 to 150 single-aisle aircraft

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There Philippine airline Cebu Pacific is in talks with Airbus and Boeing To order 100 to 150 single-aisle aircraft the amount of 12 billion dollars at list price, she announced yesterday.

The two competing plane makers have until the end of the year to submit proposals, said Cebu Pacific, which aims to more than double its fleet by 2035 to take advantage of a long-term travel boom in throughout Southeast Asia in the wake of the pandemic. Logically, Airbus will offer single-aisle A320 family aircraft while Boeing will highlight its single-aisle 737 MAX family aircraft.

To serve the Philippine market over the next 20 years, Philippine carriers will need to quadruple their size“, Cebu Pacific general manager Michael Szucs said in a statement. The Philippines’ prospects are based on strong economic growth, a young population and proximity to regional hubs.

The first low cost launched in Asia in 1988 and owned by the Philippine conglomerate JG Summit Holding, Cebu Pacific currently operates a fleet of 73 aircraft: 57 Airbus including 10 A321neo, 20 Airbus A320ceo, seven Airbus A321ceo, 14 Airbus A320neo, one Airbus A330ceo and five A330neo; and 14 ATR 72-600s and two ATR 72 cargo ships. It expects the delivery of 18 new aircraft by the end of 2024. Its network serves 35 local and 25 international destinations.

The first Philippine low-cost company recorded a net profit of 3.75 billion pesos ($66.1 million) in the first half of 2023, compared to a net loss of 9.5 billion pesos a year earlier.

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