Coming soon to Australia: Cebu Pacific flights from Manila

At last an alternative is coming for people travelling direct to Manila and are dissatisfied with PAL or QANTAS.

From BusinessWorld Philippines

February 22, 2012

Cebu Pacific signs lease for long-haul aircraft

CEBU AIR, Inc., the operator of budget carrier Cebu Pacific, has agreed to lease four new aircraft from CIT Group, Inc. in line with plans to launch long-haul flights next year.

Candice A. Iyog, Cebu Pacific vice-president for sales and distribution, in a text message, said the deal was made on Feb. 20, but she declined to disclose the amount of the leasing agreement with CIT Aerospace, a unit of CIT Group.

“Cebu Pacific’s four Airbus A330-300 will be delivered from 2013 to 2014, and will be powered by Rolls-Royce Trent 772B engines,” the disclosure read.

“These Airbus A330-300 aircraft will allow us to offer our trademark low fares to an even wider market. With the introduction of wide-body aircraft into our fleet, we could offer non-stop services into Australia, India, the Middle East and parts of Europe and the United States,” Alex B. Reyes, Cebu Air general manager for the long-haul division, said in a statement.

Ms. Iyog, however, declined to divulge the priority routes.

“Once we receive the necessary regulatory approvals and we are ready to sell, we will announce the routes,” she said in text message. “We are, however, looking at destinations with large overseas Filipinos.”

She also said that the company is confident that the “Category 2” assigned by US Federal Aviation Authority (FAA) to the country will be lifted soon.

“[Once] lifted, this would help open up more options, specifically the US, for the airline,” she said.

The US FAA downgraded the Philippines to “Category 2” from “Category 1” in 2008, preventing Philippine carriers from expanding operations in the US.

“We are confident that the government and Philippine carriers are taking all necessary actions to lift the Category 2 status in the soonest possible time,” she added.

Shares of Cebu Air slid by 3.56% to P70.50 apiece yesterday. — Cliff Harvey C. Venzon

Article location : http://www.bworldonline.com/content.php?Section=Corporate&title=Cebu Pacific signs lease for long haul aircraft&id=47223

One thought on “Coming soon to Australia: Cebu Pacific flights from Manila

  1. […] Follow this link: Coming soon to Australia: Cebu Pacific flights from Manila … […]

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: