Monday, July 31, 2023

Cebu Pacific Raises Aircraft Deliveries to 21 for 2023

“This aircraft delivery allows us to increase our operational resilience while continuing to provide safe, reliable, and affordable air travel to our passengers. Our ongoing re-fleeting with new-generation, fuel-efficient aircraft and our continued use of sustainable aviation fuel will also help our decarbonization efforts in making the aviation industry more sustainable.” ~Alex Reyes, CEB Chief Strategy Officer

Cebu Pacific (PSE: CEB), the leading airline in the Philippines, has raised the number of aircraft deliveries for 2023 to an all-time high of 21, up from the initial plan of 15. This decision comes as a strategic move to enhance the company's operational resilience, considering the increasing demand for air travel.

Recently, CEB received its ninth aircraft for 2023, an Airbus A321neo (New Engine Option), which was delivered from Airbus' Delivery Centre in Hamburg, Germany, to Ninoy Aquino International Airport in Manila. Notably, the flight was powered by blended sustainable aviation fuel (SAF), demonstrating the airline's commitment to sustainable practices.

Of the 21 expected aircraft deliveries this year, 17 are NEOs, while four are CEOs (Current Engine Option) on short-term lease. The airline aims to shift to a more fuel-efficient, all-NEO fleet by 2028.

Last June 30, CEB received a brand new A320neo aircraft from Airbus’ final assembly line in Tianjin, China, powered by SAF with a blend of 41%, marking a major milestone for CEB’s sustainable aviation initiatives.

SAF is a drop-in fuel with similar characteristics as conventional jet fuels. It does not require any adaptations to the aircraft or engines and does not have any negative impact on performance. The use of SAF results in up to 80% reduction in carbon emissions across the fuel’s lifecycle.

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