Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX) and Cebu Pacific (PSE: CEB) celebrated delivery of the airline's first Airbus A321neo aircraft, powered by the Pratt & Whitney GTF™ engine.

Pratt & Whitney will also provide Cebu Pacific with a 10-year EngineWise® service agreement to support engine performance services and maximize aircraft availability.

"We are very excited to add the first GTF-powered A321neo to the Cebu Pacific fleet. The aircraft will enable us to increase capacity on popular routes, while at the same time benefiting from the lowest operating costs in this size category," said Lance Gokongwei, President and CEO of Cebu Pacific.

Cebu Pacific, a leading carrier in the Philippines, has 31 remaining A321neos on firm order and eight options. To support expansion plans, Cebu Pacific has also leased five Airbus A320neo powered by Pratt & Whitney GTF engines.

"Cebu Pacific previously flew DC-9 aircraft with Pratt & Whitney's JT8D engines, and we are proud to be powering the airline's next generation aircraft," said Rick Deurloo, senior vice president of sales, marketing and customer support at Pratt & Whitney. "We are confident that the clean, fuel-efficient geared fan technology will provide Cebu Pacific with economic and environmental advantages for many years to come."

Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16 percent, to reduce NOx emissions by 50 percent to the regulatory standard, and to lower the noise footprint by 75 percent.