Avolon and Cebu Pacific agree sale and lease back deal on four Airbus A330neo jets....

This deal supports Cebu’s expansion and transition to a new fleet

Widebody delivery slots expected to be sold out to 2030 by year-end

 

One of the leading global aviation finance companies, Avolon confirmed this week that it has done a sale and leaseback deal with the Philippines low-cost carrier Cebu Pacific for four new Airbus A330neo aircraft.

The first aircraft is scheduled for delivery in late 2024 with the final delivery planned in 2026. The new aircraft will support Cebu’s expansion of its route network in Asia and the Middle East and its goal to transition to a fuel-efficient, new technology fleet with lower carbon emissions. Compared to the previous generation A330ceo, the A330neo has an increased range of range of over 13,300km (7,200 nautical miles) and 25% lower fuel consumption and CO2 emissions.

Cebu has been an Avolon customer since 2012 and Avolon already has 11 aircraft on lease to the airline: five A320ceos, three A320neos, and three A330neos.

Avolon continues to experience strong customer demand for its aircraft and orderbook given the undersupply of new aircraft. The widebody production recovery is lagging behind narrowbodies resulting in a tighter market and longer wait times for twin-aisle aircraft. Avolon’s 2024 Outlook: New Horizons paper forecasted that the remaining delivery slots from manufacturers for widebody aircraft will be sold out to 2030 by the end of this year.

Paul Geaney, President and Chief Commercial Officer, Avolon commented: “The Cebu team is doing a fantastic job expanding the airline’s operations and we are delighted to use our balance sheet to support the addition of four new A330neos to their fleet. With the continuing recovery of air travel in Asia we look forward to further opportunities to support customers on sale and leaseback transactions, or through our order book, as the availability of widebodies out to 2030 continues to tighten.”

Alex Reyes, Chief Strategy Officer, Cebu Pacific commented: “These new A330neos support our goal of transitioning to a more fuel-efficient fleet and will support our continued expansion of routes both in and to the Middle East. We appreciate Avolon’s continued support of our growth strategy as we further strengthen our position as one of Asia Pacific’s leading low-cost carriers.”

 

RTX's Pratt & Whitney to power 15 additional single-aisle aircraft for Cebu Pacific Air

RTX's Pratt & Whitney to power 15 additional single-aisle aircraft for Cebu Pacific Air

Pratt & Whitney GTF engines selected for follow-on A320neo and A321neo order

Pratt & Whitney, an RTX  business, was selected by Cebu Pacific Air to provide GTF engines to power an additional 10 A321neo and five A320neo aircraft. Pratt & Whitney will also provide Cebu Pacific with GTF engine maintenance through an EngineWise® Comprehensive service agreement.

"Pratt & Whitney has been providing GTF power to Cebu Pacific since 2019," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. "With deliveries for this most recent order starting in 2025, the GTF engine will provide even more fuel and carbon emissions savings."

Cebu Pacific currently has 33 GTF-powered A320neo family aircraft in service. Prior to providing GTF power, Pratt & Whitney supplied JT8D engines for the airline's DC-9 aircraft. Pratt & Whitney and Cebu Pacific's relationship extends back to the 1990s.

Cebu Pacific gets new Airbus A320neo......

Continued growth in new technology fuel-efficient aircraft

Avolon, the international aircraft leasing company, has delivered its 100th Airbus A320neo, which went to Cebu Pacific. 

The delivery to Cebu Pacific is the second A320neo delivery under an agreement made earlier this year for the Philippines' low-cost carrier to lease three new A320neos. The third aircraft is scheduled to be delivered later this month following which Avolon will have 12 aircraft on lease with Cebu Pacific.

Avolon is on track to hit the target of its fleet comprising 75% new technology aircraft by 2025, and has a significant order book pipeline for the A320neo family of aircraft (A320neo/A321neo), with commitments to purchase a further 184 of this aircraft type as at March 31 2023. The A320neo delivers 20% fuel savings and CO2 reduction compared to previous-generation Airbus aircraft.

IBS Software to transform crew operations for Cebu Pacific

Cebu Pacific selects IBS Software

 

Cebu Pacific one of the Philippines’ leading airlines, has selected IBS Software for its crew scheduling processes to further improve operational efficiency. As the airline ramps up its domestic and international networks, more flights would entail better management of staff schedules.

 

The move is part of Cebu Pacific’s digitalization journey. By implementing IBS Software’s cloud-based iFlight AD OPT solution, Cebu Pacific will replace manual processes with digital tools to implement new systems for crew pairings, rostering and crew preferential bidding, leading to increased employee satisfaction.

Photo IBS / Cebu Pacific

 

"Cebu Pacific wants to ensure that it maximizes digital tools to improve the processes for its staff. Employee satisfaction is important to us and iFlight gives us the tools and insight we need to make proactive, data-led decisions to support crew with complex scheduling. In IBS Software, we have found the ideal partner to digitalize critical operations and we look forward to a long and productive partnership," said Capt. Sam Avila, Cebu Pacific Vice President for Flight Operations.

 

iFlight will enhance Cebu Pacific’s existing crew rostering system by producing fair and transparent rosters, and helping staff manage their schedules more effectively.

Cebu Pacific boosts route network....

Cebu Pacific boosts international route network

Philippines-based Cebu Pacific continues to expand its route network and ramp up its direct international flights. Beginning August 29, 2022, the airline will fly daily from Manila to Bangkok, coming from its current five-times-a-week frequency. By September, flights from Manila to Bali will also increase from thrice to five times weekly.

The airline also intends to restart its Manila-Brunei flights by September 1, starting with a twice-weekly frequency.

“We are happy to keep growing our international network as we see an increasing demand for travel abroad, and as more destinations ease restrictions. It is exciting and encouraging to see more Filipinos travelling confidently in and out of the Philippines, that is why we make sure we consistently provide convenient and affordable flight options to enable everyone to travel more for less,” said Xander Lao, CEB Chief Commercial Officer.

Cebu Pacific will also incrase flights to Seoul, South Korea, starting September 9, the carrier will increase its flights to Seoul's Incheon Airport to a daily operation.   

“These additional flights will enable more passengers from VisMin to fly to South Korea any day of the week so they may finally make their travel dreams a reality. This ramp-up just two months after the route is a testament to our commitment to everyone and reflects the travel demand amongst Filipinos and foreigners,” said Cebu Pacific's Corporate Communications Director, Carmina Reyes-Romero.

Airbus FHS to support Cebu Pacific's fleet of 16 A330neos

Cebu Pacific selects Airbus FHS to support its A330neo fleet

Philippine low-cost carrier Cebu Pacific has chosen Airbus’ Flight Hour Services (FHS) materials management to provide the component support for its fleet of 16 A330neos.

The comprehensive and flexible solution includes parts pooling, on-site stock at the airline’s main base in Manilla, components repairs, component engineering services, as well as end-of-lease condition support. Furthermore, Airbus will guarantee spare parts availability, contributing to securing aircraft technical performance.

“We are extremely pleased to partner with Cebu Pacific in its A330neo lifecycle journey. Recognising the need to support airlines in their recovery, Airbus offers flexibility with its innovative Flight Hour Services which allows them to minimise maintenance costs whilst maximising aircraft availability and securing operational performance simultaneously,” said Anand Stanley, President Airbus Asia-Pacific.

“This collaboration reinforces Cebu Pacific Air’s position as an industry-leading Airbus operator. It ensures that we are able to meet our operational and reliability targets, while we remain prudent with our expenditure,” said Michael Szucs, CEB Chief Executive Adviser.

With this latest A330 Flight Hour Services selection from Cebu Pacific, Airbus becomes the leading provider for A330 by-the-hour services.

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Cebu Pacific selects Airbus FHS to support its A330neo fleet

Cebu Pacific selects Airbus FHS to support its A330neo fleet

Philippines low-cost carrier Cebu Pacific has chosen Airbus’ Flight Hour Services (FHS) materials management to provide the component support for its fleet of 16 A330neos.

The comprehensive and flexible solution includes parts pooling, on-site stock at the airline’s main base in Manilla, components repairs, component engineering services, as well as end-of-lease condition support. Furthermore, Airbus will guarantee spare parts availability, contributing to securing aircraft technical performance.

“We are extremely pleased to partner with Cebu Pacific in its A330neo lifecycle journey. Recognising the need to support airlines in their recovery, Airbus offers flexibility with its innovative Flight Hour Services which allows them to minimise maintenance costs whilst maximising aircraft availability and securing operational performance simultaneously,” said Anand Stanley, President Airbus Asia-Pacific.

“This collaboration reinforces Cebu Pacific Air’s position as an industry-leading Airbus operator. It ensures that we are able to meet our operational and reliability targets, while we remain prudent with our expenditure,” said Michael Szucs, CEB Chief Executive Adviser.

With this latest A330 Flight Hour Services selection from Cebu Pacific, Airbus becomes the leading provider for A330 by-the-hour services.

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Cebu Pacific receives first A330neo

Cebu Pacific has taken delivery of its first A330neo as it begins its widebody fleet modernisation programme.

The aircraft is configured with 459 seats in single-class layout and will be operated by the airline on trunk routes within the Philippines and the rest of Asia, as well as on longer range services to Australia and the Middle East. The A330neo offers versatility for a wide range of routes from shorter regional services to medium and long haul operations.

Altogether Cebu Pacific has ordered 16 A330neo, and also has 16 A320neo and 22 A321neo outstanding to be delivered. The low-cost carrier currently operates 50 Airbus aircraft, comprising 43 A320 Family and 7 A330ceo.

The aircraft is powered by Rolls-Royce’s latest-generation Trent 7000 engines and features a new composite wing with increased span for enhanced aerodynamics.

The A330neo brings a step change in efficiency, consuming 25% less fuel than previous generation aircraft and a similar reduction in CO2 emissions. The outstanding efficiency of the A330neo also ensures compliance with current and future sustainability requirements in terms of noise and emissions

With an order book of more than 1,800 aircraft at the end of October 2021, the A330 remains the most popular widebody family aircraft of all time.

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Cebu Pacific finalises order for 16 A330neo

Cebu Pacific finalises order for 16 A330neo

Earlier this month Cebu Pacific (CEB), a carrier based in the Philippines, has signed a firm order with Airbus for 16 long-range A330neo aircraft. The order firms up the wide-body portion of a previously announced Memorandum of Understanding (MoU), which also includes commitments for 10 A321XLR and five A320neo single-aisle aircraft.

The A330neo ordered by Cebu Pacific is a higher-capacity version of the A330-900, with up to 460 seats in a single-class configuration. Cebu Pacific plans to operate the aircraft on trunk routes within the Philippines and the rest of Asia, as well as on longer-range services to Australia and the Middle East.

Cebu Pacific to order 16 A330neo, 10 A321XLR and 5 A320neo

Cebu Pacific (CEB), 

a Low-Cost Carrier based in the Philippines, has signed a Memorandum of Understanding (MOU) for 31 Airbus aircraft, comprising 16 A330neo, 10 A321XLR and 5 A320neo.

Cebu Pacific’s A330neo aircraft will be a higher capacity version of the A330-900, with 460 seats in single class configuration. The airline also becomes one of the launch airlines for the A321XLR, which will be able to fly nonstop from the Philippines to destinations as far afield as India and Australia. The A320neo aircraft announced today will be the first of the type to feature 194 seats in a single class layout.

This latest agreement supports CEB’s ongoing fleet renewal programme, which aims to have only new generation, environmentally efficient aircraft by 2024. The fast-growing carrier’s decision also strengthens its all-Airbus fleet status in the jet category.

Cebu Pacific takes delivery of its first A321neo

Photo Airbus

Cebu Pacific, the largest low-cost carrier in the Philippines has taken delivery of its first A321neo.

The new addition complements the Manila-based airline’s Airbus fleet, which currently includes 43 A320 Family aircraft and eight A330-300 widebodies. 

Cebu Pacific has ordered 32 A321neo aircraft directly from Airbus, and will receive another five A320neo leased from Dublin-based Avolon. These will support the carrier’s expansion and fleet renewal programme. 

Selected for their outstanding operational efficiency, comfort and range, these new-generation single-aisle aircraft will allow the fast-growing carrier to expand its Asia-Pacific network. 

Cebu to convert two ATR aircraft to cargo

Cebu Pacific has announced they will engage Switzerland-based IPR Conversions Ltd to convert two of the airlines ATR 72-500 passenger aircraft into freighter planes, which will make Cebu Pacific the only passenger airline in the Philippines with dedicated cargo planes.

"We will be able to offer cargo capacity that no other carrier in the Philippines can provide," said Lance Gokongwei, President and CEO of Cebu Pacific, "With the freighter aircraft, we will further support the growing needs of the logistics industry, especially as the Philippines' e-commerce businesses expand rapidly and look for faster delivery schedules." Cebu Pacific expects to receive the first of two converted aircraft in the fourth quarter of 2018.