Saturday, May 30, 2020

Philippines-based airline signs agreement for major Rolls-Royce order

Cebu Pacific, based in the Philippines, has signed a Purchase Agreement with Airbus for the order of 16 A330 long-range aircraft, powered by the Rolls-Royce Trent 7000 engine. The transaction is valued at $4.8 Billion.

The aircraft are scheduled for delivery between 2021 and 2024. The order accelerates the carrier’s plan to boost capacity while shifting to more fuel-efficient and eco-friendly aircraft.

The Purchase Agreement is part of the Memorandum of Understanding signed by Cebu Pacific with Airbus in June 2019 during the Paris Air Show for an order of 31 next generation aircraft, which also includes 15 A320neo family aircraft.

“The A330neo is integral to our fleet modernization program. With this purchase, we aim to reduce our fuel emission and build a more sustainable operation. This will also give us the lowest cost per seat, at the same time enabling CEB to increase seat capacity and maximize valuable airport slots in Manila and other Asian megacities,” said Lance Gokongwei, President and CEO of Cebu Pacific.

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