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Philippines' Cebu Pacific to buy 20 Airbus A320 aircraft worth 1.3 bln usd


Manila (XFN-ASIA) - Low-cost carrier Cebu Pacific Air Inc,

a unit of Philippine conglomerate JG Summit Holdings Inc, said it will expand

its fleet further with the purchase of an additional 20 Airbus A320 aircraft

worth a combined 1.3 bln usd.

Cebu Pacific, which has just completed a 670-mln-usd refleeting program, has announced firm orders for 10 Airbus A320 planes, with delivery expected between 2010 and 2012.

"We are buying up to 20 additional Airbus A320s for our domestic and regional operations. The order is made up of 10 firm orders with five options, and an additional five options if the first five options are taken," said Lance Gokongwei, president and chief executive of Cebu Pacific.

He said the option to buy the 10 additional A320s may be exercised between 2011 and 2013.

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