Avolon agrees sale and leaseback aircraft deal with Cebu Pacific

Monday, 15 Apr, 2024 0

Leading aircraft leasing firm Avolon recently agreed the sale and leaseback deal for four new Airbus A330neo aircraft with Cebu Pacific

The first aircraft is scheduled for delivery in late 2024 to the Philippines low-cost carrier.

The final delivery is planned in 2026.

These new aircraft will support Cebu’s expansion of its route network in Asia and the Middle East.

The A330neo has an increased range of over 13,300km (7,200 nautical miles) and 25% lower fuel consumption compared to the older version.

Cebu has been an Avolon customer since 2012 and Avolon already has 11 aircraft on lease to the airline.

These are five A320ceos, three A320neos, and three A330neos.

According to Avolon’s 2024 Outlook: New Horizons paper, remaining delivery slots from manufacturers for widebody aircraft will be sold out to 2030 by the end of this year.

Paul Geaney, Chief Commercial Officer, Avolon said: “We are delighted to use our balance sheet to support the addition of four new A330neos to Cebu Pacific’s fleet.”

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

Discover Punta Gorda/Englewood Beach, also known as the Charlotte Harbor Gulf Island Coast. This natural wonderland is nestled in the...

Family-owned Olympic Holidays has been arranging holidays to Greece, the Greek islands and Cyprus for more than half century. The company is unrivalled...

Travel Outlook, the premier hotel call center™ Travel Outlook is an innovative, custom off-site central reservations office (CRO) service that...

ABOUT THE PHILIPPINES Mabuhay! Welcome to our archipelago of 7,641 islands where there are endless beaches, lively and fashionable cities,...

At Wilderness Safaris we believe in creating life-changing journeys and have been doing so for over 39 years. Our purpose...

The Paris 2024 Organising Committee for the Olympic and Paralympic Games is responsible for planning, organising, financing and delivering the...

Queensland – where it’s rude not to stare Here in Queensland, there’s plenty to do. But there’s even more to...

Greater Fort Lauderdale’s assortment of adventures awaits you. Whether you want to relax on the beach as the sound of...

Air Transat is Canada’s number one leisure airline. It flies to some 60 international destinations in more than 25 countries...

Palladium Hotel Group is a renowned Spanish hotel chain that first emerged towards the end of the 1960s. Currently present...

NSW, Australia Welcome to New South Wales – a place to feel free, feel alive, feel new. As the official...

Swallows and Amazons is a Brazilian adventure tour company run by the husband and wife team of Tania and Mark...

River cruising is a treat for the senses, allowing you to see, touch, feel and experience the world like never...

A state like no other. A place known for togetherness, celebration and happiness. In Louisiana, we call it “joie de...

We are a small-group adventure travel operator offering more than 750 tours in 100 countries, on all seven continents. Our...

Virtuoso is the leading global network of agencies specializing in luxury and experiential travel, with more than 20,000 advisors. We...

ECOMMPAY is an international payment service provider and direct bank card acquirer, engineering bespoke payment solutions for clients worldwide. Our...