MANILA, Philippines, Sept. 19, 2025 /PRNewswire/ -- Cebu Pacific (PSE: CEB) has gained global recognition, clinching the Sustainability Aviation Lease Deal of the Year at the 2025 Airline Economics Sustainability Deals Awards in London.
The award recognized CEB's sustainability-linked Japanese Operating Lease with Call Option (JOLCO), which financed the delivery of a brand-new Airbus A321neo in December 2024. The Airline Economics Sustainability Awards honor companies and individuals in finance and leasing that drive meaningful progress in decarbonizing the aviation industry.
Cebu Pacific chief executive officer Mike Szucs personally received the award during the ceremony at the Natural History Museum in Cromwell Road, London.
CEB is the only low-cost carrier (LCC) in Southeast Asia able to secure this type of financing—a structure often reserved for a select group of global airlines.
"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 Mark Cezar, CEB Chief Financial Officer.
Under the deal, CEB committed to measurable targets to reduce the carbon emission intensity of its fleet. Meeting these goals would entitle the airline to financial incentives.
The A321neo acquired through the JOLCO financing is part of CEB's long-term strategy to transition to an all-NEO fleet, an important step in its commitment to decarbonize operations. NEOs are 20% more fuel-efficient than older-generation aircraft, significantly reducing carbon emissions per flight.
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Cebu Pacific Wins Sustainability Aviation Lease Deal of the Year in London
Over 15,000 visitors to the INCHEON–IFEZ Booth; IFEZ supported a record 50 innovation companies participating in CES 2026.
Participating companies secure a foundation for global expansion, including 20 MoU signings.
INCHEON, South Korea, Jan. 16, 2026 /PRNewswire/ -- The Incheon Free Economic Zone (IFEZ) announced the successful operation of the INCHEON–IFEZ Booth at CES 2026, presenting IFEZ's future-city vision and the technologies of Incheon-based innovators to a global audience.
Under the theme "Destination Incheon — From Smart City to AI City," the booth highlighted a sustainable urban future enabled by Incheon companies' innovations and drew more than 15,000 visitors, according to IFEZ.
During CES 2026, IFEZ also met with the Fairfax County Economic Development Authority (FCEDA) to discuss support measures and collaboration models for helping Incheon startups enter the U.S. market. The two sides plan to develop practical joint programs through continued cooperation.
IFEZ supported a record 50 companies at CES 2026 across multiple participation tracks, dividing them across various exhibition areas: 10 companies in the 'INCHEON-IFEZ' Booth at the Las Vegas Convention Center, 10 in the Korea pavilion (KOTRA) at the Eureka Park, 6 in the Global Pavilion, and 15 as the Incheon Startup Park Delegation and 10 Innovation Award showcase participants.
These companies achieved record-breaking results, conducting 1,419 business consultations with overseas buyers and investors, with the estimated value of export consultations reaching $560 million—more than 400 additional meetings compared to last year. In addition, nine companies signed 20 MOUs, building momentum for global expansion and investment opportunities.
Leadpoint System, a smart manufacturing and industrial automation solutions provider, signed an MOU with Webtronic Labs, a U.S.-based technology R&D company.
emCT, which specializes in fire detection and safety management solutions, signed an MOU with Texas Legacy Realty, a Texas-based real estate development and operations company, to pursue collaboration on applying fire safety and "safe zone" solutions in commercial and residential buildings.
Medicell Healthcare, a regenerative medicine and bio-healthcare solutions company, signed an MOU with the City of Phoenix, Arizona's largest city, and discussed cooperation on technology collaboration and local proof-of-concept initiatives in public healthcare.
IFEZ said 14 supported companies earned 17 CES Innovation Awards, the highest total to date for Incheon, drawing strong interest from global buyers and investors. Deep Fusion AI received a Best of Innovation honor for its radar-based sensor-fusion AI technology, gaining attention in next-generation autonomous driving and robotic perception.
Mayor Yoo Jeong-bok said the CES participation advanced the Incheon–IFEZ AI City vision on the global stage and pledged continued support to expand Incheon companies' international reach and strengthen Incheon as a global business hub.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
INCHEON-IFEZ Booth Wraps Up a Successful CES 2026, Recording $560M in Export Consultations and 17 Innovation Awards
