Thu, May 24, 2007
Phillipine Carrier Also Has Options For Eight More Planes
Philippine-based low-fare carrier
Cebu Pacific and ATR announced Thursday the signing of a contract
for the purchase of six ATR 72-500 turboprops, plus options for
eight additional aircraft. The contract is valued at more than US
$250 million.
The aircraft will be configured with 72 seats.
Lance Gokongwei, President and CEO of Cebu Pacific said "the
move to further expand its fleet with ATRs is a continued
manifestation of Cebu Pacific's commitment to bring air travel
closer to more Filipinos and to bring them to more destinations
which we can not cannot operate to at the moment due to runway
strength and length limitations."
"We are buying up to 14 brand new ATR 72-500 aircraft for our
continued expansion. The first two ATR 72-500s aircraft are
expected to arrive in early 2008 and the complete delivery is
expected by 2013," Gokongwei added.
Filippo Bagnato, ATR CEO said, "We are extremely pleased that
Cebu Pacific has chosen the ATR 72-500 aircraft, thus allowing ATR
to enter the Philippine market for the first time. The ATR
aircraft, with their unbeatable economics and superior comfort, is
the optimal choice for Cebu Pacific. At present, there are 136 ATR
aircraft operated by 30 airlines across the Asia Pacific region and
we are excited to add such a high quality operator to this
list."
"We are looking forward to operating to more destinations and
connecting more islands because we know that this is good not only
for tourism but for our economy as a whole. It's time we brought
our trademark low fares to every Juan," Gokongwei concluded.
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