Cebu Pacific continues to ramp-up its fleet with the confirmed addition of five Airbus A320neo aircraft which will help drive plans to move into more international markets.
The Filipino carrier said that deliveries of the aircraft will commence in the first half of 2019 and will be completed within the same year.
The five additional A320neo aircraft is on top of its order of two more A321ceo, 32 Airbus A321neo, and six ATR 72-600 aircraft, which are scheduled for delivery between 2018 and 2022. The additional aircraft will be used to support the carrier’s expansion plans.
Cebu Pacific vice president for commercial planning, Alexander Lao said: “We see expansion opportunities in new markets, as well as pent-up demand in areas where we currently operate. The introduction of the new generation, fuel-efficient A320neo aircraft to the Philippine market will help us to further strengthen our position in the Philippines.
“It will also allow us to further pursue expansion of our international route network. From this year until 2022, we are adding an average of nine new aircraft per year to our fleet.
“With higher seat capacity and much greater fuel efficiency, the A320neo will enable us to fly further and more economically. It’s the perfect addition to our fleet, allowing us to offer even more compelling fares to more passengers.”
Cebu Pacific will acquire the five aircraft via an Operating Lease Agreement signed with Avolon Aerospace Leasing Limited. This is the second lease agreement between Cebu Pacific and Dublin-based Avolon following the placement of three Airbus A330-300 aircraft with the carrier.
Cebu Pacific fleet is comprised of 36 Airbus A320, five Airbus A321CEO, and eight Airbus A330; as well as a fleet of eight ATR 72-500 and ten ATR 72-600 aircraft, operated by subsidiary Cebgo.