Cebu Pacific (PSE:CEB) will commence long-haul flights in the 3rd quarter of 2013. The airline will lease up to 8 Airbus A330-300 aircraft to serve new markets beyond the range of CEB’s current fleet of Airbus A320 aircraft. The Airbus A330 has a range of up to 11 hours which means CEB could serve markets such as Australia, Middle East, parts of Europe and the US. The aircraft is one of the most commonly used wide-body aircraft in operation , given its highly reliable operating statistics.
“The A330-300 will give us the lowest cost per seat, allowing us to drive long-haul fares 35% lower than those currently offered by other airlines, and as much as 80% lower when CEB offers promo fares. This aircraft type is very well suited to the kind of network we want to build and the routes we want to launch,” said Lance Gokongwei, CEB President and CEO.
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