Fri, 13 May 2016

Allegiant Travel Buys Four More Airbus A319 Aircraft from Cebu Pacific

Cebu Pacific has signed a forward sale agreement with a subsidiary of Allegiant Travel Company, covering Cebu Pacificís sale of four Airbus A319 aircraft.

 Allegiant is the parent company of Las Vegas-based low-cost airline, Allegiant Air.

Delivery of the four aircraft to Allegiant is scheduled to take place between 2017 and 2018.

Allegiant previously agreed to purchase six Airbus A319 aircraft from CEB, with three remaining deliveries scheduled to occur later this year.

Speaking on the agreement, Jude Bricker, Allegiant Travel Company Chief Operating Officer, said, ďBy the end of 2016, Allegiant will be a majority Airbus carrier, as measured by available seat miles. This agreement to purchase additional aircraft from Cebu Pacific is an important step in our long-term transition to a single fleet type.Ē

Cebu Pacific currently operates one of the youngest fleets in the world, with an average age of 4.82 years. Its 57-strong fleet is comprised of 7 Airbus A319, 36 Airbus A320, 6 Airbus A330, and 8 ATR 72-500 aircraft.

As part of its conservative fleet renewal program, Cebu Pacific will be taking delivery of 30 brand-new Airbus A321neo aircraft, the largest model in the A320neo series. The A321neo has a flying radius of over 6 hours and can be configured to have up to 240 seats, allowing Cebu Pacific to access new markets in the Indian subcontinent and Australia.

Cebu Pacific has also ordered 16 ATR 72-600 turboprop aircraft, to meet increasing demand in Philippines for inter-island services. The ATRs will enable Cebu Pacific to expand its operations on several smaller airports in its home country, and to contribute to the development of regional transport, trade, and tourism.

ďAs we aim to expand our operations both in Philippines and abroad, we remain invested in upgrading our fleet with fuel efficient, versatile aircraft. Between 2016 and 2021, we are anticipating the delivery of 30 Airbus A321neos, for long-range capability, and 16 ATR 72-600 turboprop planes, for better inter-island connectivity,Ē said Cebu Pacific President and CEO, Lance Gokongwei. 

CEB offers flights to an extensive network of more than 90 routes on 64 destinations, spanning Asia, Australia, the Middle East, and USA.

See other recent news regarding: Allegiant, Cebu Pacific, Las Vegas, Philippines

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