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Cebu Pacific adds seventh aircraft to fleet in 2024

Business | The Stock Market

Cebu Pacific adds seventh aircraft to fleet in 2024

By James A. Loyola

Budget airline Cebu Pacific has received its seventh aircraft delivery for the year to strengthen operational resilience while addressing the ongoing surge in demand for air travel.

In a statement, the carrier said its brand-new aircraft, a fuel-efficient A321neo, arrived at the Ninoy Aquino International Airport (NAIA) in Manila on June 30 from Airbus’ facility in Hamburg, Germany.

“This aircraft delivery reaffirms our commitment to providing safe, affordable, and accessible flights for every Juan. We look forward to carrying more passengers to their chosen destinations as we continue to expand not only our network but also our fleet,” said CEB President and Chief Commercial Officer Xander Lao.

CEB operates one of the youngest fleets in the world, with its diversified commercial fleet mix of eight (8) Airbus 330s, 37 Airbus 320s, 22 Airbus 321s, and 15 ATR turboprop aircraft, enabling the most comprehensive network coverage in the Philippines.

Airbus NEOs are the latest-generation aircraft that burn 15 percent less fuel per flight compared to the previous generation. The reduction in fuel consumption leads to a corresponding reduction in aircraft carbon emissions.

On July 2, CEB announced that it has signed a binding Memorandum of Understanding (MOU) with Airbus for the purchase of up to 152 A321neo aircraft for $24 billion (P1.4 trillion) based on list prices, the largest aircraft order in Philippine aviation history.

The purchase agreement to finalize the transaction is expected to be completed in the third quarter of the year.

CEB currently flies to 35 domestic and 25 international destinations spread across Asia, Australia, and the Middle East.

Related Tags

Cebu Pacifc Air (CEB) Xander Lao

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