Cebu Pacific receives 7th aircraft for the year

0
103
Cebu Pacific receives 7th aircraft for the year
Cebu Pacific's newest A321neo. Handout photo.
  • Cebu Pacific received its seventh aircraft delivery for the year
  • The brand-new Airbus A321neo arrived at Ninoy Aquino International Airport on June 30 from Hamburg
  • The low-cost carrier aims to transition to an all-NEO fleet by 2028
  • Cebu Pacific recently announced an agreement to purchase 152 A321neo aircraft from Airbus worth a total of $24 billion

Cebu Pacific received its seventh aircraft delivery for the year.

The brand-new Airbus A321neo arrived at Ninoy Aquino International Airport on June 30 from Hamburg.

“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,” Cebu Pacific president and chief commercial officer Xander Lao said in a statement.

Airbus NEOs (new engine option) are the latest-generation aircraft that burn 15% less fuel per flight compared to the previous generation. The reduction in fuel consumption leads to a corresponding decline in aircraft carbon emissions.

Cebu Pacific said it aims to transition to an all-NEO fleet by 2028.

The airline currently operates one of the youngest fleets in the world, with its diversified commercial fleet mix of eight Airbus A330s, 37 A320s, 22 A321s, and 15 ATR turboprop aircraft enabling the widest network coverage in the Philippines.

Recently, Cebu Pacific signed a binding memorandum of understanding (MOU) with Airbus for the purchase of up to 152 A321neo aircraft for US$24 billion (PhP 1.4 trillion) based on list prices, representing the largest-ever aircraft order commitment of any airline in the Philippines.

READ: Cebu Pacific to purchase 152 aircraft, the largest order in PH aviation history

The MOU covers firm orders for up to 102 A321neo, plus 50 A320neo family purchase rights.

Cebu Pacific chairman Lance Gokongwei said the PhP1.4 trillion will be funded by a combination of equity and loans.

The purchase agreement to finalize the transaction is expected to be completed in the third quarter of the year. The first batch of the order is expected to arrive by 2028, Gokongwei said.