Cebu Pacific Leases Out A320 to Tigerair


Tiger
A320 of Tigerair Philippines

MANILA – Tigerair Philippines is seeking regulatory approval for the lease of aircraft from Cebu Pacific.

Wyrlou Samodio, head of the Civil Aeronautics Board (CAB) legal division, said Tigerair has a pending application for the lease of one A320 aircraft.

“Since we are the economic regulator, any activity that deals with the business aspect of the airline goes through the CAB under the [Republic Act No.] 776,” Samodio said.

He said Tigerair’s aircraft lease agreement with Cebu Pacific is part of the business arrangement between the two airlines.

Sought for comment, Olive Ramos, president of Tigerair, said the airline will return two A319s to Singapore’s Tiger Airways on March 18.

“The new aircraft will be used for our domestic flights and will be deployed in T4,” Ramos said, referring to Terminal 4 of the Ninoy Aquino International Airport (NAIA).

Tigerair has a fleet of two A319s and three A320s, serving four international routes and one domestic destination out of Clark, and seven local routes out of Manila.

Last month, Gokongwei-owned Cebu Air Inc (CEB) signed the share purchase agreement to acquire 100 percent of Tigerair, including the 40 percent stake of Tiger Airways owned by Roar Aviation II Pte Ltd.

The transaction, which was valued at $15 million, has bagged approval from the shareholders of Tiger Airways and CAB.

Cebu_Pacific_A320_in_Bacolod

As part of the initial stage of the strategic alliance with Tigerair, its Philippine flights will be made available on the Cebu Pacific website and through its other booking channels beginning mid-March.

Using a fleet of 49, Cebu Pacific operates over 2,200 flights per week to 24 international and 33 Philippine cities.

With its fleet of five aircraft, Tigerair operates about 118 flights per week to 11 domestic and international destinations, from its bases in Manila and Clark.

Upon full implementation of the strategic alliance, the Cebu Pacific and Tigerair websites will be used as sales and distribution platforms to market all routes operated by both airlines.

Source: http://www.interaksyon.com/business/82853/cebu-pacific-leasing-out-aircraft-to-tigerair

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