Cebu Pacific Extends Component Support Contract With HAECO ITM

HAECO ITM Limited (“HAECO ITM”), a member of the HAECO Group, announced today that it has renewed its long-term contract with Cebu Pacific Air (PSE: CEB) to provide inventory technical management support for the airline’s Airbus A330-300 fleet. The contract extension covers the services of component MRO, repair management, component pooling, component engineering, stores and logistics management in Manila, Main Base Kit (MBK) services, and AOG support, ensuring Cebu Pacific’s strong fleet performance with HAECO ITM’s customised and cost- effective solutions.

Cebu Pacific currently has a fleet of eight Airbus A330-300 aircraft for its long-haul as well as high-traffic domestic and international routes.

Daniel Stromski, Executive General Manager of HAECO ITM, said: “We are very happy to be able to extend this agreement with Cebu Pacific. HAECO ITM has established a strong relationship with Cebu Pacific through our high operational performance over the past five years. We will continue to support Cebu Pacific with the same high level of service delivery for the A330-300 fleet, and to continuously work on further improvements.”

Mike Szucs, Chief Executive Adviser of Cebu Pacific, said: “Our A330 fleet is one of the densest and lightest in the world. Cebu Pacific needs an MRO partner with a proven track record and that maintains best-in-class quality standards. HAECO ITM meets our needs and has proven expertise. Over the last five years, HAECO ITM has helped us maximise aircraft availability through its strong AOG support services. We look forward to a fruitful partnership with HAECO ITM as we push forward with efforts to improve efficiency and safety.”

Cebu Pacific has one of the youngest fleets in the world, with a total of 67 aircraft with an average age of five years. The fleet is comprised of 36 Airbus A320s, five A321ceo (current engine option) aircraft, and eight A330s; as well as a fleet of eight ATR 72-500s and 10 ATR 72-600s. Between 2018 and 2022, Cebu Pacific expects delivery of two more A321ceo, five A320neo (new engine option), 32 A321neo, and six ATR 72-600 aircraft.