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)

Oct 7, 2024

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

Basement 2 - R 01 - 02, Robinsons Galleria Cebu, General Maxilom corner S. Osmena Boulevard, Barangay Tejera, Cebu City Postal Code 6000 Postal Code 6000

8. Issuer's telephone number, including area code

(632) 8802-7000

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	624,436,133
Convertible Preferred	309,471,601

11. Indicate the item numbers reported herein

10

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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Cebu Air, Inc. ("CEB") responds to the Philippine Stock Exchange's (the "Exchange") query made on October 7, 2024

Source	philSTAR.Com
Subject of News Report	“Cebu Pacific buys out Ayala airline for P1.75 billion”
Date of Publication	Oct 7, 2024

Clarification of News Report
We write in connection with the article entitled “Cebu Pacific buys out Ayala airline for P1.75 billion” posted on philSTAR.com on October 7, 2024, which reported that: “MANILA, Philippines — The Gokongweis are making a big bet on the growth potential of domestic travel as their budget carrier Cebu Pacific has bought out boutique airline AirSWIFT Transport Inc. for P1.75 billion. After placing a massive $24 billion order for 152 aircraft, Cebu Pacific is taking another step to spread its wings in the domestic market, this time acquiring full ownership of AirSWIFT from Ayala Land Inc. (ALI) Capital Corp. The STAR learned from aviation sources that Cebu Pacific and ALI Capital are scheduled to sign a share purchase agreement today, to formalize the P1.75-billion transaction. . . . .” We confirm that CEB has entered into a Share Purchase Agreement with ALI Capital Corp. to acquire 100% ownership of AirSwift. This transaction represents a major milestone in the airline’s ongoing efforts to expand its services and network. For more information, please refer to the PSE Disclosure Form 4-2 regarding the Acquisition of Shares of Another Corporation, which was submitted to the PSE today. We trust this provides clarification on the news article in question.
Other Relevant Information
CEB submits this disclosure in response to the Exchange's correspondence dated October 7, 2024, which requested clarification and/or confirmation of the mentioned news article.