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Cebu Pacific signs lease agreement to expand fleet

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ABS-CBN News

<p>MANILA - Cebu Pacific is expanding its fleet in 2024 by signing a damp lease agreement with Bulgaria Air. </p><p>A damp lease agreement is an agreement between two airlines where the lessor provides aircraft, crew, maintenance, and insurance to the lessee.</p><p>In a statement, Cebu Pacific said the agreement covers 2 Airbus 320 CEO airplanes that will serve routes from Manila to Cebu and Davao from January to May 2024.</p><p>Each aircraft can carry 180 passengers. </p><p>The low-cost carrier&#x27;s president and chief commercial officer Xander Lao said they hope to expand their fleet to 92 by the end of 2024.</p><p>&quot;With this, we expect our year-on-year seat growth to be within 5 percent to 8 percent,&quot; he said. </p><p>In July, Cebu Pacific announced that its fleet was expanding, after it faced complaints over flight delays and cancellations that have led to calls to suspend its franchise. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/15/23/cebu-pacific-engine-issues-to-affect-fleet-availability">Cebu Pacific: Engine issues to affect fleet availability</a></li>	<li><a href="https://news.abs-cbn.com/business/07/31/23/cebu-pacific-increases-2023-aircraft-deliveries">Cebu Pacific increases 2023 aircraft deliveries</a></li></ul><p>The budget airline booked a net income of P1.3 billion in the third quarter amid strong demand for travel.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/04/23/cebu-pacific-gives-passengers-more-baggage-allowance">Cebu Pacific gives passengers more baggage allowance</a></li>	<li><a href="https://news.abs-cbn.com/business/12/04/23/cebu-pacific-gives-passengers-more-baggage-allowance">Cebu Pacific&#x27;s Q3 net income back in black at P1.3 billion</a></li></ul><div><strong>RELATED STORY:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2698562" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Cebu Pacific is expanding its fleet by signing a lease agreement with Bulgaria Air. 