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CEB weighs aircraft buy options

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Cebu Air, Inc. (CEB) is close to an order for either Airbus 330neo or Boeing 787 aircraft, the CEO of the Philippines’ largest airline said.

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The carrier, which operates under the Cebu Pacific brand, is looking for deliveries in 2020 and 2021, CEO Lance Gokongwei told Reuters, declining to disclose the likely size of the order.

Cebu Air is considering an order for up to 16 aircraft, aviation website Flightglobal has reported.

Cebu Air operates mostly Airbus A320 short-haul aircraft. It has eight older versions of the A330 wide-body.

The new widebody jets will replace the existing A330 fleet, most of which are leased, Gokongwei said.

Cebu Air plans to expand its fleet with new generation aircraft that are more fuel efficient, Gokongwei told stockholders on Thursday.(Reuters)

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