Cebu Pacific leases 4 A330-300s for long-haul flights

Posted at 02/22/2012 2:46 PM | Updated as of 02/22/2012 2:46 PM

MANILA, Philippines - Budget carrier Cebu Pacific will lease four Airbus A330-330s from the CIT Group as it plans to launch long-haul flights to new routes outside Asia next year.

Cebu Pacific said it signed operating lease agreements with CIT Group unit, CIT Aerospace, for the aircraft, which will be delivered from 2013 to 2014.

Alex Reyes, Cebu Pacific General Manager for Long-Haul Division, said the aircraft will be used to serve new markets beyond the range of the airline's current fleet of Airbus A320s.

"These Airbus A330-300 aircraft will allow us to offer our trademark low fares to an even wider market. With the introduction of wide-body aircraft into our fleet, we could offer non-stop services into Australia, India, the Middle East and parts of Europe and the US," he said.

Philippine carriers have been banned since April 2010 from flying to Europe due to safety concerns. However, Cebu Pacific is confident the ban will be lifted soon as the Civil Aviation Authority of the Philippines continues to address the concerns.

Since its incorporation in 1996, Gokongwei-owned Cebu Pacific has flown over 60 million passengers to date.

The airline currently offers 19 international destinations, namely, Bangkok, Beijing, Brunei, Busan, Guangzhou, Hanoi, Ho Chi Minh, Hong Kong, Incheon (Seoul), Jakarta, Kota Kinabalu, Kuala Lumpur, Macau, Osaka, Shanghai, Siem Reap, Singapore, Taipei and Xiamen. It also operates the most extensive network in the Philippines with 33 domestic destinations and hubs in Manila, Cebu, Clark and Davao.