Cebu Pacific, a low-cost airline in the Philippines, confirmed that it will close a purchase of A320neo family jets with Airbus, but the numbers exceeded expectations.
The carrier revealed on Tuesday that it will place an order for up to 152 narrow-body aircraft, 102 of which are firm orders.
Initially, the order is only for the higher-capacity A321neo variant, but Cebu Pacific says it has the option to switch to other smaller models like the A320neo.
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Company CEO Mike Szucs said the deal is still being finalized, but that the planes will be powered by Pratt & Whitney GTF engines.
“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,” Cebu Pacific chief executive Michael Szucs said in a statement.
Until the weekend, reports indicated that the order could be smaller, around 70 firm aircraft, which would already mean doubling the jet fleet of the company founded in 1996.
Currently, Cebu Pacific operates 87 aircraft, including 18 ATR 72 turboprops. There are also 39 A320s (20 of them A32neo), 22 A321s (15 of them A321neo) and eight A330-900 widebodies.
