Cebu Pacific Signs Lease Agreement for Two Airbus A330 Aircraft

Cebu Pacific has signed operating lease agreements for two brand-new Airbus A330-300 aircraft with Intrepid Aviation, a US-based commercial aircraft lessor.

Cebu Pacific’s additional Airbus A330-300 aircraft will be delivered from 2014 to 2015, and will be powered by Rolls-Royce Trent 772B engines. By 2015, Cebu Pacific will operate a total of six brand-new Airbus A330-300 aircraft.

“With our A330 fleet strengthened by this lease agreement, we will continue exploring other regions we can serve, such as the Middle East, Australia, parts of Europe and the US. These additional wide-body aircraft will allow us to offer Cebu Pacific’s trademark lowest fares to even more passengers,” said Cebu Pacific General Manager for the Long-Haul Division Alex Reyes.

Since its inception in 1996, Cebu Pacific has flown over 75 million passengers. It also posted a good track record in stimulating short-haul travel of passengers around Asia, with an 11% system-wide passenger growth in 2012.

Cebu Pacific currently offers 22 international destinations, namely Bali, Bangkok, Beijing, Brunei, Busan, Dubai, Guangzhou, Hanoi, Ho Chi Minh, Hong Kong, Incheon (Seoul), Jakarta, Kota Kinabalu, Kuala Lumpur, Macau, Osaka, Phuket, Shanghai, Siem Reap, Singapore, Taipei and Xiamen.

The airline also operates the most extensive network in the Philippines with 34 domestic destinations and hubs in Manila, Cebu, Clark, Kalibo, Iloilo and Davao.