Pasay–(PHStocks)–Cebu Pacific Air (PSE: CEB) formally signed a contract with Rolls-Royce, the global power systems company, which will provide long-term TotalCare service support for its Trent 700 engines on up to eight Airbus A330 aircraft. The contract is worth up to $280 million. President of the Philippines, Benigno S. Aquino III, witnessed the contract signing during an official visit to the UK.
At the signing, Lance Y. Gokongwei, President and Chief Executive Officer, Cebu Pacific, said: “We are delighted to sign this contract with TotalCare today for our Airbus A330s. CEB’s fleet expansion will enable us to launch long-haul operations and serve markets outside Asia Pacific, including those in Europe, the Middle East, Oceania and the United States. The level of support offered by Rolls-Royce through the TotalCare package will further enhance our operations.”
The Trent 700, the only engine specifically designed for the A330, is the market leader for the aircraft, with more than 1,400 in service or on order. More than 90 percent of Trent engine operators have selected TotalCare support.
Bruce Blythe, Rolls-Royce, Senior Vice President, Customers, Civil Aerospace, said: “We welcome Cebu Pacific to the TotalCare family of operators and we look forward to supporting the airline in the next phase of the carrier’s growth. Our ability to evaluate Trent engine data from the worldwide fleet and work with each customer to plan maintenance activities will significantly help Cebu Pacific to meet the airline’s operational and financial goals.”
Cebu Pacific first announced the intention to select TotalCare in February 2012. The company will use the leased A330s to begin long-haul operations in the second half of 2013 and these aircraft will represent the first Trent engines in the carrier’s fleet.
CEB currently operates 10 Airbus A319, 20 Airbus A320 and 8 ATR-72 500 aircraft. Its fleet of 38 aircraft with an average age of 3.6 years – is one of the most modern aircraft fleets in the world. Between 2012 and 2021, Cebu Pacific will take delivery of 22 more Airbus A320 and 30 Airbus A321neo aircraft orders.