Fleet
In April 2005, Cebu Pacific signed a joint-venture agreement with SIA Engineering Company for the maintenance of the Airbus A319 and A320 aircraft. The new company, called Aviation Partnership (Philippines) Corporation, is co-owned by SIA Engineering Ltd and Cebu Pacific.
In March 2007, Cebu Pacific announced an order of 10 Airbus A320s, plus 10 options. The firm orders are for delivery from 2010 to 2012, while the options are for delivery from 2011 to 2013. In order to bridge the gap from now until the first delivery in 2010, CEB will be taking short- to medium-term leases on Airbus A320 aircraft. 4 will be leased in 2008, with a further three to four being leased in 2009.
On 18 December 2008, Cebu Pacific announced that they have ordered an additional four ATR-72-500 turboprop aircraft. This order increases their order of ATR-72 aircraft from 6 firm plus 8 options to 10 firm plus 8 options.
On 16 June 2009 at the Paris Airshow, Airbus announced that Cebu Pacific had increased its outstanding A320 orders to 15 with a new firm order for 5 aircraft. The additional planes are scheduled for delivery starting 2013. Cebu Air Inc. said on April 20, 2010 it would purchase an additional 7 Airbus A320s, bringing to 22 its pending orders from European manufacturer Airbus, a unit of EADS.
In June 2011, Cebu Air Inc. announced that it was purchasing 30 Airbus A321neos and seven Airbus A320s for $3.8 billion, allowing it to more than double its fleet by 2021 and expand its international routes. The A320s would be delivered between 2015 and 2021, while the A321neo fleet would arrive from 2017 to 2021. The airline also took 10 additional options for the Airbus 321neos. Previous orders for 18 A320 to be delivered through 2014 brought the total Airbus order to 55.
On January 31, 2012 the airline announced a lease order for eight Airbus A330-300 aircraft for use in long-haul flights from the Philippines to Australia, Europe, and the United States. Cebu Pacific plans to commence flights to these destinations by the third quarter of 2013.
Read more about this topic: Cebu Pacific
Famous quotes containing the word fleet:
“A city on th’ inconstant billows dancing;
For so appears this fleet majestical.”
—William Shakespeare (1564–1616)
“They ... fleet the time carelessly, as they did in the golden world.”
—William Shakespeare (1564–1616)
“Believe me, if all those endearing young charms,
Which I gaze on so fondly today,
Were to change by tomorrow, and fleet in my arms,
Like fairy-gifts fading away.”
—Thomas Moore (1779–1852)