Cebu Pacific to receive 12 new aircraft this year
The Philippines’ leading airline, Cebu Pacific (PSE: CEB), is set to receive 12 brand new aircraft to support its expansion plans for 2019. The aircraft deliveries include six Airbus A321neo; five A320neo; and an ATR 72-600.
The A321neo boasts of 236 seats, with 56 seats or 31% more capacity than the A320. This will enable CEB to offer more seats and maximise airport slots. The aircraft is capable of operating routes in excess of 5,000 kilometres or fly up to seven hours, allowing the carrier to explore new destinations such as India, Russia, northern Japan and other cities in Australia.
“2019 is the year we accelerate growth. On average, we will be receiving one brand-new aircraft per month, which we can use to increase capacity in key markets or even launch new routes. For 2019, we expect capacity to grow from low to mid-teens,” said Lance Gokongwei, President and CEO of Cebu Pacific.
The CEB fleet is currently comprised of an Airbus A321neo, 36 Airbus A320, seven Airbus A321ceo, eight Airbus A330, eight ATR 72-500, and 12 ATR 72-600 aircraft.
CEB boasts of one of the youngest fleets in the world, with an average fleet age of five years.
“Cebu Pacific is expanding rapidly and plays an important part in the transformation of the Philippines’ aviation sector and has played a key role in supporting tourism, trade and business links between the Philippines, Asia-Pacific and the Middle East,” said Jean Francois Laval, Executive Vice President for Sales in Asia of Airbus.
CEB is aiming to fly 200 million passengers by 2020, as it expands its route network and upgrades its fleet to bigger and more fuel-efficient aircraft. In late 2017, the carrier hit the milestone of flying 150 million passengers since its inception.
CEB and subsidiary Cebgo fly to 36 domestic and 26 international destinations, with over 107 routes spanning Asia, Australia, the Middle East, and USA.