By Gaurav Raghuvanshi
SINGAPORE--Cebu Air Inc. (CEB) has signed a deal with Allegiant
Air, a unit of Allegiant Travel Company (ALGT), to sell six of its
used Airbus Group (EADSY) A319 jets for an undisclosed amount.
Cebu Air, which operates as Cebu Pacific, will deliver the six
planes to the Las Vegas-based budget carrier starting this year
through 2016 and replace them with the bigger A321neo model
aircraft, according to a statement from the company.
"This agreement is in line with CEB's efforts to continuously
improve operational efficiency by replacing and upgrading our fleet
with the larger, more fuel efficient, and longer range A321neo
aircraft," said Lance Gokongwei, president and chief executive of
Cebu Pacific.
The Philippine budget carrier currently operates a fleet of 54
aircraft.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com
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