PH carrier seals $2B aircraft deal

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    The country’s leading low-cost carrier yesterday signed a deal for the purchase of 15 aircraft valued at $2 billion.

    Cebu Air Inc., operator of Cebu Pacific, signed the deal with Airbus SAS for the purchase of 15 A320NEO aircraft, which is covered by a memorandum of understanding signed in June at the Paris Air Show for the former’s order of 31 next-generation aircraft.

    Cebu Pacific said the purchase agreement for 16 widebody A330 NEO aircraft was finalized in October .

    The 15-aircraft order includes up to 10 A321XLR (Xtra Long Range) jets, the world’s longest-range single-aisle aircraft.

    The aircraft are scheduled for delivery between 2021 and 2024.

    By 2024, Cebu Pacific expects to have an all next -generation fleet of Airbus jets.

    Year-to-date, Cebu Pacific has accepted delivery of 10 brand-new aircraft — five Airbus A321NEO and four A320NEO — as well as an ATR 72-600.

    Cebu Pacific is comprised of a total of 75 aircraft, including seven Airbus A321CEO, 30 Airbus A320, eight A330, seven ATR 72-500, 12 ATR 72-600, and an ATR Cargo Freighter.

    The ATR aircraft is used by subsidiary Cebgo to service inter-island flights in the Philippines where jet operations are not possible.