News
Cebu Pacific secures groundbreaking suitability linked loan
January 14th 2025
Cebu Pacific Air has signed a sustainability-linked loan (SLL) with Crédit Agricole CIB that commits the LCC to performance targets to reduce the carbon emission intensity of its fleet. Read More » Meeting the targets will result in financial incentives for the airline under the loan. “Cebu Pacific’s first sustainability-linked aircraft financing is a milestone in our de-carbonization journey. The transaction supports our core element of modernizing our fleet to include more advanced and fuel-efficient aircraft," Cebu Pacific chief financial officer, Mark Cezar, said. "With this deal, we want to emphasize access to financing for sustainability initiatives is available. Cebu Pacific is taking full advantage of such opportunities in our pursuit of becoming the de-carbonization leader in the region.” The airline said it is the first LCC in Southeast Asia to secure an SLL.
