MANILA Jan 31 Philippine budget carrier
Cebu Air Inc said on Tuesday it will lease eight
A330-300s as part of its expansion to service markets outside
its existing Asian routes.
The additional aircraft would allow Cebu Pacific to service
new markets such as Australia, the Middle East, and parts of
Europe and the United States by the third quarter of 2013, Alex
Reyes, the company's executive vice president, told reporters.
Cebu Air, which operates the country's largest budget
airline, Cebu Pacific, is a unit of Philippine conglomerate JG
Summit Holdings Inc. and competes with Philippine
In June, Cebu Air announced it had put in orders for 37
planes from Airbus for $3.8 billion for delivery between 2015
and 2021 as it sought to double its fleet and expand routes.
(Reporting by Rosemarie Francisco; Editing by Matt Driskill)