Cebu Pacific Air has increased its outstanding A320 orders to 15, with a new firm order for five aircraft. Scheduled for delivery from 2013, the new aircraft will join an existing A319 and A320 fleet. The initial batch of 10 aircraft is scheduled for delivery between 2010 and 2013.
The aircraft will be powered by CFM56-5B engines with the latest Tech Insertion configuration. The airline has signed a 12-year OnPoint solution agreement with GE Aviation’s services business for the maintenance and overhaul of the engines powering the entire fleet. This agreement is valued at more than $100 million over the life of the contract.
"The A320 family has played a key role in enabling us to offer a high quality, value-based product," said Lance Gokongwei, president and CEO of Cebu Pacific. "Our latest order will help us to continue our network expansion to reach more destinations across the region."
Manila-based Cebu Pacific flies to 46 domestic and international destinations. Altogether, the carrier has now placed firm orders for 27 A320 family aircraft, with 12 already delivered. The carrier currently operates 21 aircraft from the family, including nine leased aircraft, with an average age for the fleet of just 1.9 years.
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