Zest Air starts second expansion mode

Zest Airways. The airline is embarking on a massive expansion of its fleet by buying a brand new Airbus 320 and 6 additional MA-60 with investments valued at $150 million. Website photo

Beijing - Philippine low cost carrier Zest Air recently concluded an order for six additional MA60's from State-owned Xi'An Aircraft International Corporation (XAIC) valued at 76 million dollars.

The order is on top of another five that was delivered to the airline in 2008 which it already operates for its domestic operations.

The former Asian Spirit airline expects to take delivery of the newly ordered planes starting in October. Two more will arrive in December, with the remaining three coming next year, AVIC's Xi'an Aircraft Industry Co. said.

The new orders will put the airline as the biggest overseas operator of the aircraft type. The MA60 has received 92 firm orders, with letters of intent signed for another 70 while the MA600 has received 12 orders.

Meanwhile, the airline company is also pursuing the acquisition of of three additional Airbus 320 with two of its orders arriving in October this year. They are also currently in negotiation for lease of two Boeing 767 from a US based aircraft lessor for its operations in the middle east next year.

They are hoping to have a modest fleet of 11 brand new aircraft by the end of the year and intend to have a fleet of 18 aircraft at the end of 2010.

The Zest-O group is investing $150 million for capital investment this year.

1 comment:

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