CEB to ‘damp-lease’ aircraft from Bulgaria Air
Airlines

CEB to ‘damp-lease’ aircraft from Bulgaria Air

Dec 6, 2023, 6:05 AM
Benjamin Lim

Benjamin Lim

Writer

Budget carrier Cebu Pacific Air (CEB) has strengthened its fleet in 2024 after it signed an agreement with Bulgaria Air for two Airbus A320ceo aircraft that will service two domestic routes to meet the expected rise in passenger demand in line with continued post-pandemic air travel recovery.

CEB management said it has entered into a contract with the European airline that will service two domestic routes, Cebu and Davao, from January to May 2024.

“We continue to explore various opportunities to supplement the fleet and ensure operational resilience. This includes signing a damp lease agreement with Bulgaria Air for five months in 2024,” said Cebu Pacific president and chief commercial officer Xander Lao.

“We expect to increase our fleet to 92 come end 2024. With this, we expect our year-on-year seat growth to be within five to eight percent in 2024,” Lao added.

Bulgaria Air, the national carrier of the Republic of Bulgaria, has many years of experience in damp leasing of aircraft having partnered with airlines all over the world.

Also known as ACMI, damp leasing is an agreement between two airlines, where the lessor provides aircraft, crew, maintenance, and insurance (ACMI) to the lessee.

The two leased A320ceo will each have a 180-seat capacity and will fly passengers from Manila to Cebu and Davao.

#CebuPacificAir #CebuPacific #CEB #BulgariaAir #DampLease #Business #OpinYon #WeTakeAStand


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