Cebu Pacific, a low-cost airline from the Philippines, has placed a new order for seven Airbus A321ceo aircraft. The $812 million order was placed to address “increased capacity requirements”. Deliveries will begin starting in March of 2018.
“We are very excited about adding the A321 to our fleet,” said Lance Gokongwei, President and CEO of Cebu Pacific. “The aircraft will enable us to increase capacity on popular routes, while at the same time benefiting from the lowest operating costs in this size category. This will mean more low fares for more customers flying across our domestic and regional network.”
“We are pleased to sign this additional order with one of the most successful airlines in the Asian region. With the A321, Cebu Pacific will be able to respond to growing demand with the highest levels of efficiency,” said John Leahy, the Chief Operating Officer at Airbus. “This will mean more low fares for more customers flying across our domestic and regional network.”
Cebu Pacific is one of Asia’s most successful low-cost carriers. It has over 60 destinations across Asia, Australia, the Middle East, and the U.S.
Along with their new order, Cebu Pacific has decided to delay deliveries of its 32 new A321neo planes. The deliveries, which were supposed to start in September 2017 and run through 2021, will now begin during the last quarter of 2018 and run through 2022. The airline cited problems with the aircraft’s Pratt & Whitney engines when announcing the hold on deliveries.
“We remain confident that Pratt & Whitney will address all issues on the GTF (Geared Turbo Fan) engine,” said Andrew Huang, Cebu Pacific’s CFO. “There is, however, the need to increase our current capacity to meet growing domestic and regional demand, thus the A321ceo order.”
Cebu Pacific recently received an Airbus A330 and an ATR 72-600, increasing the size of its fleet to 61 aircraft. Its new orders will bring its fleet to over 100 aircraft.