CEBU PACIFIC LEASES TWO A320S FROM RBS AVIATION

Cebu Pacific Air has signed a six-year operating lease agreement with RBS Aviation Capital for two new Airbus A320 aircraft, to be delivered in March 2012. “These two leased A320 aircraft will further increase our fleet size, allowing us to offer lower fares and even more routes, destinations and flights to our guests,” said CEB President and CEO Lance Gokongwei. “It will also enable us to continue expanding aggressively in the Asia-Pacific region, especially as we await delivery of more brand-new CEB aircraft.”