Cebu Pacific renews fleet with order of 31 brand-new Airbus NEO aircraft
- Accelerating replacement of existing A320 and A330ceo (Classic Engine Option) fleet
- Expects all-Airbus NEO (New Engine Option) jet fleet by 2024
Aviation Updates Philippines – Cebu Pacific (PSE: CEB), the leading carrier in the Philippines, announces that it has ordered a total of 31 next generation aircraft from Airbus. The investment accelerates the carrier's plan to introduce more fuel-efficient and eco-friendly aircraft to replace its current fleet.
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| CEBU AIR SHOPS IN PARIS. Low-cost carrier Cebu Pacific Air is ordering up to 31 aircraft composing of 16 Airbus A330-900neo, 10 Airbus A321XLR, and 5 more Airbus A320neo aircraft for its fleet modernization program. Photo by Airbus. |
Based on list price, the deal is worth an estimated USD6.8 Billion. The agreement was made during the 2019 Paris Air Show in Le Bourget, France—the global aerospace industry's biggest trade event. The latest order is in addition to the 32 A321neo aircraft ordered in 2011, for delivery until 2022.
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| 460 SEATS IN A SINGLE-CLASS CONFIGURATION. Notorious for having densely configured aircraft in a single-class configuration, Cebu Pacific, again, is fitting the Airbus A330neo with 460 seats all in economy class. Photo from Airbus. |
The new A330neo will replace the A330ceo, which will be progressively retired. Using the new Rolls Royce Trent 7000 engine and a more aerodynamic wing design, the A330neo is more efficient, providing a range of up to 7,200 nautical miles with as much as 12% less fuel burn per trip. On top of a reduced environmental footprint, the A330neo also has a quieter cabin for an improved passenger experience. As part of the transaction, Rolls Royce has also been selected for engine maintenance and support.
"The A330neo will give us the lowest cost per seat and allow us to continue offering the lowest fares. Moreover, the lower fuel burn matched with higher seat density will allow CEB to address growing demand for leisure and business travel, by upgrading aircraft and maximizing available airport slots in Manila and other megacities we serve," said Lance Gokongwei, President and CEO of Cebu Pacific.
CEB also ordered 15 A320neo family aircraft, including 10 A321 XLR (Xtra Long Range) and five (5) 194-seat A320neo. The increased capacity of the A320neo will result in a 7% reduction in cost per seat; and a reduction of fuel burn and emissions of as much as 15%.
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| SINGLE-AISLE LONG RANGE KING. Cebu Pacific placed an order for 10 Airbus A321XLR, the newest variant under the Airbus A321neo series. Photo from Airbus. |
As the new A320neo enter into service, the older A320ceo aircraft will be subsequently retired.
"Our strategy is to replace our fleet with bigger and more fuel-efficient aircraft to fly more passengers utilizing our existing slots while reducing our environmental footprint per passenger. We will be operating an all Airbus NEO fleet by end-2024 and retiring our older generation jets."
Currently, CEB has a 72-aircraft fleet comprised of two (2) Airbus A321neo, seven (7) A321ceo, one (1) A320neo, 33 A320ceo, eight (8) A330ceo, eight (8) ATR 72-500s and 13 ATR 72-600s. CEB boasts of one of the youngest fleets in the world, with an average fleet age of five (5) years.
CEB was advised by Plane View Partners on the new transactions with Airbus and Rolls Royce.
This is a press release from Cebu Pacific Air Corporate Communications.
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