Cebu Pacific is buying new planes
Cebu Pacific - Cebu Pacific orders up to 14 brand new ATR72-500 aircraft
Gokongwei owned airline, Cebu Pacific (CEB) will expand its fleet further with the acquisition of up to 14 ATR72-500 aircraft worth more than US$ 250 million.
Lance Gokongwei, CEB President and CEO explained that the move to further expand its fleet with the ATR fleet is a continued manifestation of CEB’s commitment to bring air travel closer to more Filipinos and to bring them to new destinations which CEB cannot operate to at the moment due to runway length and strength limitations.
“We are buying up to 14 brand new ATR 72-500 aircraft for our continued expansion. The order is made up of 6 firm orders, with an additional 8 options. The first 2 ATR72 aircraft are expected to arrive in early 2008 and the complete delivery is expected by 2013.†Gokongwei explained.