Manila, Philippines - 30 July 2012 - Cebu Pacific (PSE:CEB)
announced its intention to sell its entire fleet of 10
Airbus A319 aircraft to Allegiant Travel Company (NASDAQ:
ALGT). The aircraft is expected to be delivered to
Allegiant over a 15 month period commencing in March 2013.
Lance Gokongwei, President and CEO of Cebu Pacific said,
"The Airbus A319's are our oldest and smallest jet
aircraft. Whilst they have served us well for the last six
years as we have grown our business and developed new
markets, the time is right to trade up to bigger, brand new
Airbus A320 aircraft. Between now until 2014, CEB will be
taking delivery of 15 brand new Airbus A320 and 4 Airbus
A330 aircraft. Cebu Pacific is likewise exploring options
to advance the delivery of Airbus A320 orders scheduled for
delivery between 2015 to 2016."
"CEB's fleet expansion plan will accommodate the growing
demand for air travel, while also ensuring greater
operational efficiency. With the delivery of bigger and
newer aircraft over the next ten years we will continue
offering the lowest fares, fly to even more routes, and
ultimately deliver a better flying experience for all our
guests," added Gokongwei.
The airline is also slated to begin its long haul services
in the third quarter of 2013, with the delivery of up to
eight Airbus A330 aircraft. The Airbus A330 has a range of
up to 11 hours which means CEB could serve markets such as
Australia, Middle East, parts of Europe and the US. The
aircraft is one of the most commonly used wide-body
aircraft in operation today, given its highly reliable
operating statistics.
CEB currently operates 10 Airbus A319, 20 Airbus A320 and 8
ATR-72 500 aircraft. Its fleet of 38 aircraft - with an
average age of 3.6 years - is the largest aircraft fleet in
the Philippines. Between 2012 and 2021, Cebu Pacific will
take delivery of 22 more Airbus A320 and 30 Airbus A321neo
aircraft orders. It is slated to begin long-haul services
in the 3rd quarter of 2013.
About Cebu Air Inc. (PSE: CEB)
Cebu Air Inc. is the largest carrier in the Philippine air
transportation industry, offering its low-cost services to
more destinations and routes with higher flight frequency
within the Philippines than any other airline.
Cebu Air, Inc. is a Philippines-based airline company that operates under the trade name Cebu Pacific and Cebu Pacific Air. The Company is engaged in the business of providing air transportation services. It is involved in the transportation of passengers, mail, merchandise, and freight, and to acquire, purchase, lease, construct, own, maintain, operate, and dispose of airplanes and other aircraft of every kind and description. In addition to passenger service and airport-to-airport cargo services, the Company also offers ancillary services, such as travel insurance, in-flight merchandise, baggage, and travel-related products and services. It operates in two segments: the airline business and the line and light maintenance business. It operates a fleet of 76 aircraft, which comprises of 21 Airbus A320 CEO, seven Airbus A321 CEO, nine Airbus A320 NEO, 10 Airbus A321 NEO, five Airbus A330 CEO, four Airbus A330 NEO, six ATR 72-500, and 14 ATR 72-600 aircraft.
CEBU AIR, INC. 
By 
