Philippines-based low cost carrier Cebu Pacific (CEB), has signed a Memorandum of Understanding (MOU) for 16 A330neo at the Paris Air Show today.
Cebu Pacific’s A330neo aircraft will be a higher capacity version of the A330-900 with the order representing part of CEB’s ongoing fleet renewal programme, which aims to have only new generation, environmentally efficient aircraft by 2024. The aircraft will also be used to further expand its services across the Asia-Pacific region, following its stated strategy of operating services to destinations with large expatriate Filipino populations.
Although Philippines-based Cebu Pacific reported 2018 full-year net income down 50.6 per cent to PHP 3.9 billion (USD 74.4 million), from PHP 7.9 billion a year earlier, cargo was a bright spot in the gloom. The carrier reported cargo volumes up 19 per cent year-on-year, to 210,000 tonnes, a figure that will soon rise substantially with addition of dedicated ATR 72-500Fs to its fleet.
In July 2018 the carrier announced it had signed an agreement with Switzerland-based IPR Conversions to convert two of its ATR 72-500 passenger aircraft into freighters, driven by domestic e-commerce demand.
Cebu Pacific currently operates a fleet of 54 aircraft, largely comprised of the A320/21 family aircraft alongside eight A330-300s and a handful of ATR 72-500s.