Cebu Pacific to sell 6 Airbus A319 to Allegiant

ABS-CBN News

Posted at Feb 23 2015 11:58 AM | Updated as of Feb 23 2015 08:18 PM

MANILA – Cebu Pacific on Monday said it is selling six Airbus A319 aircraft to Las Vegas-based low-cost airline Allegiant Air.

The Gokongwei-led budget airline said the sale is covered by a forward sale agreement recently signed with Allegiant Air, a subsidiary of Allegiant Travel Company.

The aircraft will be delivered to Allegiant until 2016.

“This agreement is in line with CEB’s efforts to continuously improve operational efficiency by replacing and upgrading our fleet with the larger, more fuel efficient, and longer range A321neo aircraft,” Cebu Pacific president and chief executive Lance Gokongwei said in a statement.

The A321neo, which is the largest model in the A320neo series, incorporates new engines and large wing tip devices called sharklets.

The A321neo has a flying radius of over 6 hours and can be configured to have up to 240 seats, which will allow Cebu Pacific to access new markets in the Indian subcontinent and Australia, including Perth, Brisbane and Adelaide.

Cebu Pacific currently operates a fleet of 54 aircraft comprised of 10 Airbus A319, 31 Airbus A320, five Airbus A330 and eight ATR 72-500 aircraft.

Between 2015 and 2021, Cebu Pacific will take delivery of seven more brand-new Airbus A320, Airbus A330, and 30 Airbus A321neo aircraft.