Page 16 - 15th july 2024

AIRLINE NEWS

Air Canada acquires

eight Boeing 737-8

Aircraft

Air Canada and BOC Aviation finalized an agreement for Cebu Pacific
eight Boeing 737-8 aircraft, set for 2024 delivery with
latest technology.
orders 152

Airbus A321neo

Aircraft

Cebu Pacific’s historic $24 billion order
with Airbus includes up to 152 A321neo
aircraft, powered by Pratt & Whitney GTF
engines.

ir Canada and BOC Aviation Limited have announced an agree- ebu Pacific (CEB), the Philippines’ leading
Ament for eight Boeing 737-8 aircraft. These aircraft are from BOC Ccarrier, has signed a binding Memorandum of
Aviation’s orderbook. Additionally, all eight aircraft will feature CFM Understanding (MOU) with Airbus. The agreement
LEAP-1B engines and are scheduled for delivery in 2024. Moreover, is for the purchase of up to 152 A321neo aircraft,
Air Canada is Canada’s largest airline and the country’s flag carrier. It valued at USD 24 billion (PHP 1.4 trillion). This
is a founding member of Star Alliance, the world’s most comprehen- deal represents the largest aircraft order in
sive air transportation network. Philippine aviation history. CEB has selected Pratt
Steven Townend, Chief Executive Officer and Managing Director, & Whitney GTF engines to power these future air-
BOC Aviation, said, “We are pleased that Canada’s flag carrier, Air craft. The MOU includes firm orders for up to 102
Canada, is working with us once again as it strengthens its network. A321neo aircraft. Additionally, it covers purchase
Continued growth in passenger travel is stimulating demand for rights for 50 A320neo Family aircraft.
aircraft, which we have been able to address for Air Canada in this CEB Chief Executive Officer Michael Szucs, said,
transaction with eight aircraft delivering from our 100% latest tech- “The order is designed to provide Cebu Pacific
nology orderbook.” with maximum flexibility to adapt fleet growth
BOC Aviation, a leading global aircraft operating leasing company, to market conditions, with the ability to switch
owns, manages, and has aircraft on order totaling 688. Furthermore, between the A321neo and A320neo. When final-
As of 31 March 2024, BOC Aviation had leased its fleet of 688 aircraft ized, the deal will be a significant milestone for
to 90 airlines across 45 countries and regions. Additionally, the com- the local airline industry and a testament to CEB’s
pany has its headquarters in Singapore and offices in Dublin, London, unwavering commitment to support the Philip-
New York, and Tianjin. pine growth story.”
Michael Rousseau, President and Chief Executive Officer of Air Cebu Pacific (CEB), the Philippines’s leading
Canada, said, “We look forward to these aircraft entering into service airline, entered the aviation industry in March
next year, upon the completion of their reconfiguration. These eight 1996 and pioneered the ‘low fare, great value’
brand new, fuel and cost-efficient 737-8, will provide more fleet flex- strategy, flying over 200 million passengers since
ibility and additional capacity, while supporting one of our sustain- its inception. CEB offers the widest domestic
ability goals of mitigating emissions.” network in the Philippines, with 35 domestic des-
Air Canada provides scheduled service to over 180 airports in tinations, and operates flights to 23 international
Canada, the United States, and internationally on six continents. destinations across Asia, Australia, and the Middle
Moreover, the airline holds a Four-Star ranking from Skytrax. Ad- East. The airline operates from three strategically
ditionally, Air Canada’s Aeroplan program is Canada’s premier travel placed hubs: Manila, Cebu, and Clark.
loyalty program, where members can earn or redeem points on the They anticipate finalizing the purchase agree-
world’s largest airline partner network of 45 airlines. Furthermore, ment in the third quarter of the year. This finaliza-
they can do so through an extensive range of merchandise, hotel, and tion marks a significant milestone for both Cebu
car rental partners Pacific and Airbus

16 15 July, 2024 www.mrobusinesstoday.com