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A Cebu Pacific ATR 72-500 turbo-prop is shown in this photo from the airline's website
MANILA -- Cebu Pacific said Monday it would convert two turbo-prop planes into cargo aircraft, marking its foray into logistics.
Switzerland-based IPR Conversions Ltd was tasked to revamp the ATR 72-500 aircraft, the first of which will be delivered by the fourth quarter, Cebu Pacfic told the stock exchange.
"With the freighter aircraft, we will further support the growing needs of the logistics industry, especially as the Philippines’ e-commerce businesses expand rapidly and look for faster delivery schedules," said Cebu Pacific president and CEO Lance Gokongwei.
Cebu Pacific unit CebGo will operate the dedicated cargo planes, the country's largest airline said.
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The ATR planes are "ideal" for logistics since they can land in runways that may be too small for jets, the airline said.
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