9 months CEB getting 12 new planes in 2019, sets $700-million capex MB |Biz
By Emmie V. Abadilla Cebu Pacific (CEB) is taking delivery of 12 brand-new aircraft this year to expand its operations and is allocating US$650-$700 million capital expenditure (capex), from internally generated funds and borrowings, to partly finance aircraft acquisition, President and CEO Lance Y. Gokongwei yesterday announced. The year’s aircraft deliveries include six Airbus A321neos, five A320neos and an ATR 72600. “This is the year we accelerate growth,” he noted. “On average, we will be receiving one brand-new aircraft per month, which we can use to increase capacity in key markets or even launch new routes.” “For 2019, we ... more