Cebu Pacific Soars to Global Recognition, Clinching Prestigious Sustainability Aviation Award in London!

Cebu Pacific, the Philippines' largest and most dynamic airline, is celebrating a monumental achievement after being crowned with the highly coveted "Sustainability Aviation Lease Deal of the Year" award at the prestigious Airline Economics Aviation 100 Awards held in London. This significant international recognition underscores the airline's unwavering commitment to pioneering sustainable practices within the aviation industry, particularly through its innovative green financing strategies for its state-of-the-art fleet.

The esteemed award specifically lauded Cebu Pacific's groundbreaking operating lease agreement for 10 brand-new Airbus A320neo aircraft.

This deal, a crucial and strategic step in their ambitious fleet modernization program, stands out for its forward-thinking approach to environmental stewardship and financial ingenuity. The A320neo family of aircraft are renowned for their superior fuel efficiency, boasting a remarkable 15% reduction in fuel consumption compared to previous generation aircraft.

This directly translates to significantly lower carbon emissions and a quieter operational footprint, contributing positively to both the environment and surrounding communities.

Alex B. Reyes, Cebu Pacific's Chief Strategy Officer, expressed immense pride and gratitude for the achievement, stating, "This award is a testament to CEB’s commitment to making air travel sustainable, accessible, and affordable for every Juan.

We thank our partners, Avolon and SMBC Aviation Capital, for supporting us in our journey towards a more sustainable future for Philippine aviation." His words highlight the collaborative spirit and strategic alliances driving Cebu Pacific's environmental initiatives and long-term vision.

This landmark agreement is not merely a single transaction; it is a cornerstone of Cebu Pacific's accelerated transition towards an all-neo fleet by 2028.

This ambitious goal is a key component of their broader and comprehensive sustainability roadmap, which targets a significant 15% reduction in carbon emissions by 2030 and ultimately aims for net-zero emissions by 2050. By proactively investing in modern, fuel-efficient aircraft, Cebu Pacific is not only enhancing its operational efficiency and passenger experience but also significantly contributing to global efforts to combat climate change and fostering a healthier planet.

The deal was facilitated with the invaluable support of leading aviation lessors.

Andy Cronin, CEO of Avolon, commented on the successful partnership: "We are delighted that this financing has been recognized as the Sustainability Aviation Lease Deal of the Year. This transaction underscores the significant value that the new technology A320neo aircraft offers in supporting our customers with their decarbonisation strategies and CEB with their Net Zero targets.

We look forward to continuing our partnership with CEB as they continue their journey to a more sustainable future."

Echoing this sentiment of collaboration and shared vision, Barry Flannery, Head of Western Europe, Asia Pacific & Japan for SMBC Aviation Capital, added, "SMBC Aviation Capital is proud to have partnered with Cebu Pacific to deliver on its decarbonisation strategy and to have contributed to this landmark transaction being recognised as the ‘Sustainability Aviation Lease Deal of the Year’.

This award reflects our combined efforts in fostering a more sustainable future for the aviation industry and we look forward to continuing to support Cebu Pacific in its journey towards achieving its ambitious sustainability goals."

Cebu Pacific continues to lead the charge in making air travel more sustainable and responsible.

Their proactive investment in cutting-edge aircraft technology, coupled with strategic partnerships and a clear sustainability roadmap, firmly positions them at the forefront of the aviation industry's green transformation, ensuring that their passengers can fly with greater peace of mind, knowing their journey contributes to a healthier, more sustainable planet.