MANILA: Budget carrier Cebu Pacific will upgrade its entire Airbus fleet with newer and more efficient planes by 2027, signaling that expansion plans were intact amid the global health crisis.
The company said in its annual report that 59 new planes, including 56 Airbus jets, will be delivered from 2021 through 2027.
The planes were previously set to be delivered until 2026 before the Covid-19 pandemic arrived, forcing airlines around the world to renegotiate their schedules due to the severe downturn in demand.
During this period, Cebu Pacific said it would take delivery of 40 Airbus A320neo family aircraft, 16 A330neos and three more ATR 72-600s.
The neo models, or new engine variant, burn significantly less fuel and are configured with more seats. — Philippine Daily Inquirer/ANN