MANILA: Cebu Air Inc, the Philippines’ largest budget airline, has agreed to sell six of its 10 Airbus A319 jets to Las Vegas based Allegiant Travel Co and could sell more as it seeks to shift to more fuel efficient aircraft.
Cebu Air will sell the planes for an undisclosed sum to budget carrier Allegiant Air, a unit of Allegiant Travel, with delivery starting late this year, it said in a disclosure to the Philippine Stock Exchange.
More Airbus A319 aircraft may be sold as Cebu Air replaces its fleet with larger jets offering better fuel economy, Trina Asuncion, Cebu Air’s director for Corporate Finance and Investor Relations, said in a phone interview. The carrier is upgrading its fleet with jets like the longer range Airbus A321neo aircraft, of which it has 30 on order.
Apart from the A319s, the oldest aircraft in its fleet, Cebu Air also operates 31 Airbus A320, five Airbus A330 and eight ATR 72-500 aircraft.