Avolon, the international aircraft leasing company, has placed five Airbus A320neo aircraft with Cebu Air, operating as Cebu Pacific (CEB). 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.
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.”
