Airlines

Cebu Pacific bolsters fleet with damp lease agreement for two Airbus A320s

509
(File photo from Cebu Pacific)

In anticipation of continued post-pandemic travel recovery, low-cost carrier Cebu Pacific Air has signed a damp lease agreement with Bulgaria Air for two Airbus A320ceo aircraft. This move reinforces the airline’s commitment to accommodating the expected rise in passenger demand.

The leased aircraft will operate domestic routes between Manila, Cebu, and Davao from January to May 2024, each carrying a capacity of 180 passengers.

“We continue to explore various opportunities to supplement the fleet and ensure operational resilience. This includes signing a damp lease agreement with Bulgaria Air for five months in 2024,” said Cebu Pacific president and chief commercial officer Xander Lao.

“We expect to increase our fleet to 92 come end 2024. With this, we expect our year-on-year seat growth to be within 5% – 8% in 2024,” Lao added.

Damp leasing, also known as ACMI, involves one airline (lessor) providing an aircraft, crew, maintenance, and insurance (ACMI) to another airline (lessee).

The leased aircraft will operate domestic routes between Manila, Cebu, and Davao from January to May 2024, each carrying a capacity of 180 passengers.

“We continue to explore various opportunities to supplement the fleet and ensure operational resilience. This includes signing a damp lease agreement with Bulgaria Air for five months in 2024,” said Cebu Pacific president and chief commercial officer Xander Lao.

“We expect to increase our fleet to 92 come end 2024. With this, we expect our year-on-year seat growth to be within 5% – 8% in 2024,” Lao added.

Damp leasing, also known as ACMI, involves one airline (lessor) providing an aircraft, crew, maintenance, and insurance (ACMI) to another airline (lessee).

Written by
Dirk Andrei Salcedo

Dirk is the founder and editor-in-chief of Aviation Updates Philippines (AUP), a platform dedicated to providing the latest news and insights on the aviation industry in the Philippines. With a strong passion for aviation and a background in computer engineering, he manages all aspects of AUP, from website development to content curation.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Featured Stories

Categories

Related Articles

Airlines

Air Hong Kong completes transition to all-Airbus A330F freighter fleet

Air Hong Kong has completed its re-fleeting program, now operating an all-Airbus...

Airlines

Cebu Pacific and CAE to add Airbus A330neo flight simulator in Clark

Cebu Pacific and CAE will add an A330neo simulator in Clark to...

Airlines

Cebu Pacific adopts Lufthansa Systems’ NetLine suite to boost operational efficiency

Cebu Pacific has signed a deal with Lufthansa Systems to adopt its...

The first of 32 A321neo jetliners ordered by Cebu Pacific was delivered to the Philippines’ largest low-cost carrier in January 2019.
Airlines

Cebu Pacific inks 12-year engine maintenance deal with Pratt & Whitney

Cebu Pacific has signed a 12-year EngineWise maintenance agreement with Pratt &...