Insider Spotlight
Why it matters
The award underscores the growing role of sustainability-linked financing in aviation. Cebu Pacific is the first low-cost carrier in Southeast Asia to access this structure, typically reserved for larger global airlines.
The details
The recognition was for Cebu Pacific’s Japanese Operating Lease with Call Option (JOLCO) tied to sustainability goals. The arrangement financed the delivery of a brand-new Airbus A321neo in December 2024.
The airline committed to measurable targets to cut the carbon emission intensity of its fleet. Achieving these benchmarks entitles the company to financial incentives.
What they’re saying
“Sustainability is integral to how we grow as an airline. By linking our financing to sustainability goals, we show that strategy and responsibility can work together. It strengthens the business, allows us to invest in modern fuel-efficient aircraft, and creates value for our customers,” said Cebu Pacific chief financial officer Mark Cezar.
Chief executive officer Mike Szucs personally accepted the award at a ceremony in London’s Natural History Museum.
Between the lines
The A321neo secured through the deal is part of Cebu Pacific’s plan to transition to an all-NEO fleet, aircraft that are around 20 percent more fuel-efficient than older models. The shift is central to the airline’s long-term strategy to decarbonize its operations.
What’s next
Cebu Pacific said it will continue exploring financing mechanisms that align with environmental targets, positioning itself as a regional leader in sustainable aviation.
