Cebu Pacific buys 5 more Airbus A320neo planes 

FIVE additional Airbus A320neo aircraft are expected to join the Cebu Pacific fleet in 2019, and with the new jets, the airline may start offering services in “new  markets” that will help strengthen the position of the budget carrier in the Philippines.

Alexander G. Lao, the company’s vice president for commercial planning, said the carrier’s new jets—set to be delivered starting the first half of 2019—will be deployed in new domestic and international routes.

“We see expansion opportunities in new markets, as well as pent-up demand in areas where we currently operate,” he said. “It will also allow us to further pursue expansion of our international route network.”

Airbus A320neo jets are powered by new generation engines that burn up to 20 percent less fuel. They also have a range of 6,300 kilometers, and are retrofitted for increased seat capacity.

“With higher seat capacity and much greater fuel efficiency, the A320neo will enable us to fly further and more economically. It’s the perfect addition to our fleet, allowing us to offer even more compelling fares to more passengers.”

Cebu Pacific will acquire the five airliners via an operating lease agreement with Avolon Aerospace Leasing Ltd., one of the largest aircraft leasing companies in the world.

The A320neo’s list price, according to a document from French manufacturer Airbus, is at $110.6 million per jet.

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Sources regularly see Lorenz at telco and transport conferences. He graduated from the University of Santo Tomas, and has been covering the beat since 2013. He likes to featurize stories, and tries to find another angle for spot news. He travels during his spare time, and likes his coffee black -- no cream, no sugar.