Low cost carrier Cebu Pacific has announced that it will acquire two more Airbus 330-300 aircraft in a deal valued at $512.8 million, company President Lance Gokongwei said.
"That is under consideration because we're looking to fly to additional routes particularly Honolulu or increasing potential flights to the Middle East," Gokongwei adds.
The airline intends to have the widebody delivered this year and the next as it addresses long haul capacity shortfall made more difficult by Manila slot allocation problems.
Cebu Pacific acquired 6 A330-300 which were delivered between 2013 and 2015. The 436 seater aircraft flies to the Middle East particularly Dubai, Riyadh, Doha and Kuwait City. It is also flown to Sydney in Australia.
The company which boast a fleet of 55 aircraft, expects delivery of two more A320s, 30 Airbus A321neo and 16 ATR 72-600 up to 2021. It intends to add 14 narrow body frames to its fleet by 2018.
The airline's fleet currently comprises 5 Airbus A319, 36 Airbus A320, six Airbus A330, and eight ATR 72-500 aircraft which flies to 29 international and 34 domestic destinations. It is Southeast Asia’s third largest LCC group behind AirAsia and Lion.