Cebu Pacific Air said on Tuesday it tapped Air France Industries KLM Engineering & Maintenance to provide component support for its Airbus A320 fleet.
The airline owned by the Gokongwei Group said the long term contract covered a fleet of over 40 Airbus A320s, and encompasses full component support and solutions, including repairs and local pool access to maximize aircraft availability, for both its A320s and its future A321neos.
Cebu Pacific currently has a fleet of 59 aircraft, comprising of four Airbus A319, 36 Airbus A320ceo, seven Airbus A330, eight ATR 72-500, and four ATR 72-600 aircraft.
“This is our first agreement with Cebu Pacific and also our first component support contract in the strategic Philippines market,” Air France Industries executive vice president GeryMortreux said.
The airline expects delivery of 45 brand-new aircraft between 2017 and 2021 as part of a fleet renewal program.
The new aircraft will bring the CEB fleet to 85 by 2021, including 12 ATR 72-600 aircraft, one brand-new Airbus A330 and 32 Airbus A321neo,
The airline has one of the youngest and most modern aircraft fleets in the world with an average age of 4.94 years.
Cebu Pacific has a total of 37 domestic destinations and 29 international destinations across Asia, Australia, the Middle East and the US, bringing its total domestic and international routes to 104.
The airline carrier said net profit jumped 122 percent to P9.8 billion in 2016 from P4.39 billion in 2015.
Total revenues, which include wholly-owned subsidiary Cebgo, rose 9.6 percent to P61.9 billion, from P46.6 billon in 2015.
Cebu Pacific flew 19.1 million passengers in 2016, up 4.1 percent from 18.4 million passengers carried in 2015.
