SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 19, 2017

2. SEC Identification Number

154675

3. BIR Tax Identification No.

948-229-000

4. Exact name of issuer as specified in its charter

CEBU AIR, INC.

5. Province, country or other jurisdiction of incorporation

Cebu City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2nd Floor Dona Juanita M Lim Building, Osmena Boulevard, Capitol Site, Cebu City Postal Code 6000

8. Issuer's telephone number, including area code

(632) 802-7000

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common shares	605,953,330

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cebu Air, Inc.CEB

PSE Disclosure Form 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Declaration of cash dividends
Background/Description of the Disclosure
The Board of Directors of Cebu Air, Inc. ("CEB") approved on May 19, 2017 the declaration of a regular cash dividend in the amount of One Peso (P1.00) per share from the unrestricted retained earnings of CEB as of December 31, 2016 to all stockholders of record as of June 9, 2017 and which shall be paid on July 5, 2017.

Type of Securities

• Common
• PreferredN/A
• OthersN/A

Cash Dividend

Date of Approval by Board of Directors	May 19, 2017
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Type (Regular or Special)	Regular
Amount of Cash Dividend Per Share	P1.00
Record Date	Jun 9, 2017
Payment Date	Jul 5, 2017

Source of Dividend Payment
Unrestricted retained earnings as of December 31, 2016
Other Relevant Information
N/A