Latest news
  • Kuehne + Nagel sees boost from ‘stabilized’ air cargo

    October 14, 2014

    Thanks in part to a 5 percent growth in tonnage in its air cargo business, Kuehne + Nagel (KN), the world’s largest freight forwarder, reported an 8.2 percent increase in earnings (EBIT) for the first nine months of 2014.

    read more
  • Etihad Q3 Revenue Jumps 29 Percent

    October 14, 2014

    Etihad Airways, which plans to buy a 49 percent stake in struggling Alitalia, said third-quarter revenue rose 29 percent due to passenger and cargo growth.

    read more
  • Emergency Landing Caused By Loose Wall Panels

    October 14, 2014

    An American Airlines Boeing 757 made an emergency landing in San Francisco on Monday after a number of interior wall panels came loose in mid-flight.

    read more

Latest News

Cebu Pacific Signs A330 Lease Deal

February 22, 2012

The Philippines' largest budget carrier, Cebu Pacific, said on Wednesday it had signed operating lease deals for four new Airbus A330-300s with CIT Aerospace, as it seeks to serve new markets outside Asia.

The four Airbus jets will be delivered between 2013 and 2014, and will be powered by Rolls-Royce Trent 772B engines, the airline said in a statement.

Cebu Pacific did not disclose financial details of the deals with CIT Aerospace.

Cebu Pacific, which has a fleet of Airbus A320s serving Asian destinations, will launch long-haul flights in the third quarter this year using wide-body aircraft. It plans to offer non-stop services to Australia, India, the Middle East and parts of Europe and the United States.

"The Airbus A330-300 aircraft will allow us to offer our trademark low fares to an even wider market," said Alex Reyes, Cebu Pacific general manager for the long-haul division, in a statement.

The airline said last month it would lease up to eight Airbus A330-300s.

It announced last June its orders for 30 new A321neos and seven A320s from Airbus, with delivery between 2015 and 2021 as it sought to double its fleet and expand routes.