Cebu Pacific has secured Southeast Asia’s first sustainability-linked loan (SLL), demonstrating its commitment to reducing carbon emissions.
The loan, arranged by Credit Agricole CIB, supports the airline’s plan to upgrade its fleet to fuel-efficient jets, aiming for a fully eco-friendly fleet by 2028.
Cebu Pacific will receive financial incentives for meeting its decarbonization targets, such as using Airbus A321neo aircraft.
This move is part of the airline’s broader sustainability efforts, including purchasing sustainable aviation fuel.
The airline also plans to cut its carbon footprint through various efficiency measures.
Source: PhilNews24 | January 9, 2025
