Avolon agrees sale and leaseback aircraft deal with Cebu Pacific

Tuesday, 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.

Ensuring our guests have an unforgettable experience while sailing with us is paramount; however, your health and safety remains our...

The Polish Tourism Organisation (Polska Organizacja Turystyczna – POT) is one of several dozen national tourism organisations operating in the...

Located in the Mediterranean and connecting Asia and European continents that are separated by the famous Bosphorus, Türkiye is a...

We make travel accessible for everyone We believe everyone should be free to experience the world. For us, there’s no...

Blue Diamond Resorts consistently goes above and beyond guest expectations by delivering groundbreaking vacation experiences through our exceptional collection of...

Central Florida’s Polk County is conveniently located between Orlando and Tampa, and an easy drive to Central Florida attractions and...

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

Philippine Airlines (PR), also known as PAL, is the Filipino flag carrier. The company started their operations in February 1941,...

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

With long periods of Thailand’s History, according to evidences and studies, Sukhothai was the first kingdom of Thailand. At that time, an early Thai...

It’s easy to find perfection in Santa Barbara, but what if there was even more of your favorite finds, activities,...

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

City Cruises is a leading operator of sightseeing, dining and charter services operating in London, York and Poole. We offer...

From the beginning, ATI’s philosophy has been “innovation, not duplication.“ Developing specialized technology solutions to connect over 30,000 accommodation, attracti...