Cebu Pacific to lease one A330 from CIT

Cebu Pacific will sign a lease agreement this week with CIT Group for one A330-300 to by the fourth quarter of 2013. The aircraft will be used for the airline’s daily flights to Dubai starting Oct. 7, which will mark the budget carrier’s first long-haul operation. Cebu Pacific plans to take two A330-300s on lease – the second aircraft is expected to be delivered by the end of the year.