Cebu Pacific has signed a purchase agreement with Airbus SAS for the order of 15 A320NEO (New Engine Option) family aircraft. The transaction is valued at USD 2 billion. The 15-aircraft order includes up to 10 A321XLR jets, the world’s longest-range single-aisle aircraft.

The purchase agreement is part of the memorandum of understanding (MoU) signed by the carrier with Airbus in June 2019 during the Paris Air Show for an order of 31 next generation aircraft. The aircraft are scheduled for delivery between 2021 and 2024, and by 2024, the airline expects to have an all-next generation fleet of Airbus jets.

Year-to-date, Cebu Pacific has accepted delivery of 10 brand-new aircraft—five Airbus A321NEO and four A320NEO; as well as an ATR 72-600. The airline fleet is comprised of a total of 75 aircraft. It boasts of one of the youngest fleets in the world, with an average fleet age of five years.