China Aircraft Leasing Group Holdings Limited (CALC) proudly announces the successful delivery of one (01) Airbus A320ceo aircraft to Cebu Pacific Air, the Philippines’ leading carrier. This milestone transaction signifies the initiation of a collaboration between CALC and Cebu Pacific, reinforcing CALC’s commitment to maintaining a portfolio of high-quality clientele and solidifying its position in partnership with prominent airlines in the region.
The delivered Airbus A320ceo had previously been leased to a Chinese airline since 2012, and upon the expiration of the initial lease agreement, CALC facilitated the seamless transition of the aircraft to Cebu Pacific. This efficient remarketing and redelivery process underscores CALC’s established proficiency in leasing and trading used aircraft on a global scale.
“This aircraft delivery is aligned with our commitment to provide safe, accessible, and affordable flights for everyone. We look forward to forging a stronger partnership with CALC to further boost our fleet expansion efforts and enable more passengers to fly to their chosen destinations,” according to Mark Julius Cezar, Chief Financial Officer of Cebu Pacific.
Cebu Pacific, renowned for its low-cost business model and expansive destination network, has emerged as the largest airline in the Philippines based on the number of passengers served on both domestic and international routes. The collaboration between CALC and Cebu Pacific marks a strategic move for both entities, aligning with CALC’s dedication to fostering enduring partnerships with leading airlines and Cebu Pacific’s pursuit of operational excellence.
As CALC continues to navigate the dynamic aviation industry, this successful aircraft delivery exemplifies its prowess in aircraft leasing and trading, further solidifying its position as a key player in the global aviation ecosystem.
“We are delighted to welcome Cebu Pacific as our newest customer and we look forward to building long-term partnership with the airline. We are dedicated to supporting Cebu Pacific’s growth plans in Asia through future transactions and collaborations. This transaction also serves as a testament to CALC’s asset management capabilities to customize full-life solutions for aircraft at every stage to ensure the best preservation of the asset value,” said Winnie Liu, Executive Director and CCO of CALC.