Hong Kong | 27 July, 2018: Avolon, the international aircraft leasing company, announces the placement of five Airbus A320neo aircraft with Cebu Air, operating as Cebu Pacific. Upon placement, Avolon will have eight aircraft on lease to Cebu Air, comprising five A320neo aircraft and three A330 aircraft.
Deliveries of the A320neo will commence in H1 2019 and will be completed within the same year.
Simon Hanson, Head of Asia Pacific at Avolon, commented: “We are delighted to confirm the placement of five A320neo aircraft Cebu Air, one of Asia Pacific’s leading low cost carriers. These aircraft will help open new route possibilities for Cebu Pacific, affording them the ability to carry more passengers and further expand their customer base. Additionally, the new aircraft will further help modernize their fleet, and provide greater operational efficiencies and unit cost improvements. We have a long standing relationship with the Cebu Pacific Team and are very pleased to have successfully concluded this transaction with them.”
Alexander Lao, Vice President for Commercial Planning of Cebu Air, noted: “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.”