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Cebu Pacific Signs Memorandum of Understanding with Airbus and Pratt & Whitney for up to 152 A321neo Aircraft Order
Jul 22, 2024•almost 2 years ago
Contract Type
partnership
LondonTransportationTravelAir TransportationDescription
Cebu Pacific, Airbus, and Pratt & Whitney celebrated a memorandum of understanding (MOU) signed for Cebu Pacific's purchase of up to 152 A321neo aircraft for estimated USD $24 billion, marking the largest aircraft order in Philippine aviation history.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months