Cebu Pacific raised aircraft deliveries to 21 this year

By Darwin G. Amojelar

CEBU Pacific said Friday it expects aircraft deliveries to increase by six this year to address flight delays and cancellations amid rising air travel demand.

The airline unit of the Gokongwei Group said it raised its aircraft deliveries for 2023 to 21 from 15 to improve its operational resiliency.

“This aircraft delivery allows us to increase our operational resilience while continuing to provide safe, reliable and affordable air travel to our passengers,” said Alex Reyes, chief strategy officer of Cebu Air Inc., the operator of Cebu Pacific.

“Our ongoing re-fleeting with newgeneration, fuel-efficient aircraft and our continued use of sustainable aviation fuel will also help our decarbonization efforts in making the aviation industry more sustainable,” he said.

Cebu Pacific’s ninth aircraft delivery for 2023, a brand-new Airbus A321neo (new engine option), arrived at the Ninoy Aquino International Airport in Paranaque City on July 27 from Airbus’ Delivery Centre in Hamburg, Germany using blended sustainable aviation fuel on its flight.

The budget carrier said of the 21 expected aircraft deliveries this year, 17 are NEOs, while four are CEOs (current

By Jenniffer B. Austria

ABOITIZ Equity Ventures Inc. said engine option) on short-term lease. The airline aims to shift to a more fuel-efficient, all-NEO fleet by 2028.

Friday its second-quarter net income fell 18 percent year-on-year to P6.5 billion mainly because of foreign exchange losses.

AEV said in a stock exchange filing it recognized non-recurring losses of P62 million in the quarter which were mainly foreign exchange losses from the revaluation of US dollar cash and liquid financial instruments.

It said minus these one-off items, core net income climbed 11 percent year-on-year in the second quarter.

First-half net income also declined 11 percent to P10.5 billion on nonrecurring losses of P656 million linked to foreign exchange losses.

Power accounted for 72 percent of the total income contributions in the first half, followed by financial services which contributed 25 percent. Income contributions from real estate, food and Infrastructure were at 3 percent, 1 percent and -1 percent, respectively.

Aboitiz Power Corp.’s income contribution to AEV amounted to P9.3 billion in the first half, up 79 percent from P5.2 billion in the same period in 2022.

The airline on June 30 received a brand new A320neo aircraft from Airbus’ final assembly line in Tianjin, China, powered by SAF with a blend of 41 percent, marking a major milestone for CEB’s sustainable aviation initiatives.

SAF is a drop-in fuel with similar characteristics as conventional jet fuels. It does not require any adaptations to the aircraft or engines and does not have any negative impact on performance.

The use of SAF results in up to 80-percent reduction in carbon emissions across the fuel’s lifecycle.

Pse Index Closing

SHARED TOWER. Team members from Unity Digital Infrastructure Inc. and representatives from the Visayas regional teams of Globe Telecom Inc., PLDT- Smart Communications Inc. and DITO Telecommunity visit the location of the three-tenant tower in Cebu. Unity hosted the three mobile network operators in one of its cell sites through its partnership with Visayan Electric Company. Unity put on air Globe as the anchor tenant, along with Smart and DITO as co-location tenants in a single tower–effectively showcasing the shared tower model. The Common Tower Initiative, initiated by the government, is geared towards accelerating the improvement of Internet connectivity and addressing telecommunications infrastructure issues in the country.

Zealand Dollar 0.61810033.7050

TaiwanDollar0.0319761.7437 Source: BSP