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 9, 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	605,536,120

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 Transaction
Background/Description of the Disclosure
Share buyback on August 9, 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 9, 2018	247,210	69.97
	247,210

Effects on Number of Shares

	Before	After
Outstanding Shares	605,783,330	605,536,120
Treasury Shares	7,453,220	7,700,430

Cumulative Number of Shares Purchased to Date 1	7,700,430
Total Amount Appropriated for the Buy-Back Program	Php1,470,680,679
Total Amount of Shares Repurchased	Php17,297,506.19

Other Relevant Information

As a result of the buyback made on August 8, 2018 and August 9, 2018, the remaining balance of the amount for the buyback is Php1,441,488,170.81 Total amount appropriated for the buy-back program - Php1,470,680,679 Less: Gross amount of buyback made on August 8, 2018 - Php 11,895,002 Less: Gross amount of buyback made on August 9, 2018 - Php17,297,506.19 Remaining balance of the amount for the buyback - Php1,441,488,170.81

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