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)

Aug 8, 2018

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	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 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules

Subject of the Disclosure
Cebu Air, Inc. Share Buy-Back Transactions
Background/Description of the Disclosure
Share buyback on August 8, 2018.

Type of Securities

• Common
• PreferredN/A
• OthersN/A

Details of Share Buy-Back Transaction(s)

Date of Transaction	Number of Shares Purchased	Price Per Share
Aug 8, 2018	170,000	69.97
	170,000

Effects on Number of Shares

	Before	After
Outstanding Shares	605,953,330	605,783,330
Treasury Shares	7,283,220	7,453,220

Cumulative Number of Shares Purchased to Date 1	7,453,220
Total Amount Appropriated for the Buy-Back Program	Php1,470,680,679
Total Amount of Shares Repurchased	Php11,895,002

Other Relevant Information
Out of the total amount of Php2,000,000,000.00 which was appropriated for the buyback program disclosed in 2011, Php529,319,321 has been utilized. As a result, the remaining balance of the amount to be used for the resumption of the buyback program is Php1,470,680,679.

¹ From the date when the share buy-back program commenced.