Cebu Pacific Signs for Up To 152 Airbus A321neos

Cebu Pacific (CEB), the Philippines’s largest airline has signed a binding Memorandum of Understanding
with Airbus for the purchase of up to 152 A321neo aircraft for U$24 billion based on list prices,
the largest aircraft order in Philippine aviation history.

CEB has selected Pratt & Whitney GTF™ engines to power the future aircraft. The MOU covers firm orders
for up to 102 A321neo, plus 50 A320neo Family purchase rights.

“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 purchase agreement to finalize this transaction is expected to be completed in the third quarter of the year.

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