Latest news with #CEB
Filipino Times
28-05-2025
- Business
- Filipino Times
PH's Cebu Pacific, Saudi Arabia's flyadeal forge Strategic Partnership for Wet Lease, Commercial Cooperation
Cebu Pacific (CEB), Philippines' leading carrier, and flyadeal, Saudia Arabia's fast growing low-cost airline, today signed a Memorandum of Understanding (MoU) to explore joint strategic commercial initiatives. The historic agreement covers a wide range of opportunities in commercial cooperation and support in maintenance and engineering. The first phase of the MoU will see flyadeal utilize two of Cebu Pacific's Airbus A320 aircraft on a wet-lease arrangement for the upcoming summer peak flying season in the Kingdom of Saudi Arabia. Reciprocally, Cebu Pacific is examining wet-leasing flyadeal A320s during the busy winter period in Southeast Asia at the end of the year. The agreement was signed at a joint press conference held in Manila today at which flyadeal chief executive officer (CEO) Steven Greenway and Cebu Pacific CEO Mike Szucs outlined plans for a phased cooperation beginning with the wet-lease arrangement. Talks between the two airlines began earlier this year following a visit by Greenway and a flyadeal delegation to Manila to learn more about Cebu Pacific's A330-900neo operations. flyadeal, the Middle East's fastest growing airline, recently announced plans to venture into the long-haul market with an order for 10 A330 widebodies to be deployed between Saudi Arabia and the Philippines, and across southeast Asia from 2027. Signing of Strategic Partnership Agreement and Media Briefing Greenway said: 'Today's agreement is momentous as it marks flyadeal's first ever strategic airline partnership. It was clear and obvious that flyadeal could learn a lot from Cebu Pacific's experience of low-cost long-haul operations given we will be inducting the same A330-900neos into our fleet in just two years' time. There are great benefits in sharing technical knowledge, training, and best practice in preparation for our A330 induction and, of course, we are both A320 operators. 'This was the starting point for wide-ranging commercial discussions covering a broad range of areas including more immediate needs of wet-leasing aircraft for flyadeal's busy upcoming summer season. A win, win situation all round to bring in Cebu Pacific aircraft during our peak period and vice versa for Mike and his team to explore taking our aircraft for their winter peak later this year.' Szucs explained: 'With Cebu Pacific's growing fleet, we seek to maximize the potential of our increased capacity through all months of the year. The utilization of our capacity by other carriers during our lean season is a way of achieving that.' 'This partnership with flyadeal highlights Cebu Pacific's growing capability to support international carriers through wet leasing and broader operational collaboration. It diversifies our revenue streams and further expands Cebu Pacific's presence beyond the Asia Pacific region.' Cebu Pacific, Flyadeal Forge Strategic Partnership for Wet Lease, Commercial Cooperation Both CEOs said their respective teams will meet frequently to map out the joint commercial plans over the next few months.
GMA Network
27-05-2025
- Business
- GMA Network
Cebu Pacific rolls out P699 promo fares for int'l flights
Budget carrier Cebu Pacific on Tuesday announced one-way promotional fares for as low as P699 for international flights as part of its 'Juander Far and Wide' campaign. In an advisory, Cebu Pacific said travelers can book one-way base fares for international destinations from Manila, Cebu, Clark, Iloilo, or Davao at P699 until Saturday, May 31, 2025. The travel dates covered by the promotional fares, exclusive of fees and surcharges, are May 16 to October 31, 2025. The carrier's network covers 26 international destinations across Asia, Australia, and the Middle East. 'This seat sale is part of CEB's latest campaign, 'Juander Far and Wide,' aimed at encouraging passengers to explore more of the world one flight at a time across the airline's growing international network,' the advisory read. Cebu Pacific last July announced plans to purchase over 150 aircraft from Airbus for $24 billion or P1.4 trillion, making it the biggest aircraft order in Philippine aviation history. — VBL, GMA Integrated News
Trade Arabia
18-05-2025
- Business
- Trade Arabia
Cebu Pacific introduces flights from Dubai to Philippines
Cebu Pacific (CEB) is introducing flights from Dubai to the Philippines, offering a stronger inter-island connectivity through key hubs in Manila, Clark, Cebu, Iloilo, and Davao. Starting May 16 to 31, travellers can book flights for as low as AED 329 one-way base fare, exclusive of fees and surcharges. The travel period will start from May 16 to October 31, 2025, giving travellers an early start to their journey. Upon arrival in Manila, passengers can explore the vibrant capital or the airline's key regional hubs. From Clark, CEB offers direct flights to Siargao, the country's surfing capital, and San Vicente, Palawan, home to the longest white-sand beach. Davao hub offers thrilling activities such as river-rafting and mountain climbing, while Iloilo offers cultural and gastronomic food experiences. CEB has flown over 250 million passengers across its widest Philippine and international network since its maiden flight from Manila to Cebu in 1996. It currently operates flights to 26 international destinations across Asia, Australia, and the Middle East. CEB operates the youngest jet fleet in the country with a mix of 38 Airbus A320s, 26 A321s, 12 A330s, and 16 ATR aircraft, enabling the widest network coverage in the Philippines. -TradeArabia News Service
Yahoo
14-04-2025
- Business
- Yahoo
CEB signs PPA for 350MW Sahasdhanavi CCPP in Sri Lanka
Sri Lanka's Ceylon Electricity Board (CEB) has signed a power purchase agreement (PPA) for the Sahasdhanavi power plant, a 350MW combined cycle power plant. The plant will boost Sri Lanka's renewable energy sector by providing reliable and affordable electricity, especially during the night-time and periods of low wind. Sahasdhanavi Limited will construct and manage the plant, with ownership passing to CEB after 25 years of operation. The construction of the power will commence in 2025, with electricity set to be delivered to the national grid within 30 months through open cycle operation. Full combined cycle operations will begin after a further 12 months. Operating on regasified liquefied natural gas (R-LNG), the power plant will provide flexible, on-demand power, balancing the variability in solar and wind energy generation. By 2028, Sahasdhanavi and similar plants will transition from diesel to R-LNG, reducing fuel costs by 50% and significantly lowering emissions. This transition will ensure essential grid reliability as Sri Lanka expands its solar and wind generation capacity. R-LNG serves as the key transition fuel as Sri Lanka moves towards a renewable-powered future. In December 2024, the government approved the establishment of Sri Lanka's LNG supply infrastructure, led by CEB and CPC. The project includes the development of a floating storage and regasification unit (FSRU), R-LNG pipelines and supply facilities to serve power plants and industrial consumers. This infrastructure will enable the conversion of existing oil-burning power plants to R-LNG, providing cleaner, cost-effective energy for industrial heating, such as in the glass, tiles and ceramics industries, reducing their heating costs by up to 40%. Transitioning to combined cycle operations using R-LNG, Sahasdhanavi will generate approximately 37 kilowatt hours (kWh) of electricity, allowing for lower tariffs for families, businesses and industries. CEB is implementing a suite of transformative projects to future-proof Sri Lanka's energy landscape: the Maha Oya pumped hydro project (600MW by 2032) for storing surplus renewable energy, battery energy storage systems for grid stability and renewable integration, and smart grid modernisation to improve reliability, efficiency and real-time control. These initiatives are designed to provide dependable, cost-effective and sustainable electricity for everyone, aiding Sri Lanka's shift from fossil fuels while maintaining grid stability. "CEB signs PPA for 350MW Sahasdhanavi CCPP in Sri Lanka" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
12-03-2025
- Business
- Yahoo
AAR signs new component repair agreement with Cebu Pacific
WOOD DALE, Ill., March 12, 2025 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced a multi-year agreement to provide Cebu Pacific Air with nacelle maintenance, repair, and overhaul services for the airline's A320 fleet powered by the CFM56-5B engine. This work will be performed at AAR's Component Services facility in Chonburi, Thailand. AAR's longstanding relationship with Cebu Pacific includes supplying USM engine material for the airline's CFM56-5B engine overhauls and providing warranty management and repair cost oversight services through AAR subsidiary Airinmar. "We are extremely pleased to be continuing our partnership with AAR. They share our values on maintenance quality and turnaround time, provided at a very competitive rate," said Shev Weerasekera, VP of Engineering and Fleet Management for Cebu Pacific Air. "We're proud to expand our relationship with Cebu Pacific Air through this component repair agreement, where we will provide innovative and timely solutions for their CFM56-5B nacelles," said Jim Berberet, AAR's Senior Vice President of Component Services. "This agreement reflects the strong confidence that operators have in our cost-effective service offerings in the APAC region." For more information on AAR's Component Services, part of the Company's Repair & Engineering segment, visit About AARAAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at About Cebu PacificCebu Pacific (CEB), the Philippines' leading airline, entered the aviation industry on March 8,1996 and pioneered the "low fare, great value" strategy, and has flown over 200 million passengers since inception. CEB offers the widest domestic network in the Philippines with 35 domestic destinations. It also currently operates flights to 25 international destinations, spanning across Asia, Australia, and the Middle East. This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions, including anticipated activities and benefits under the agreement. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Contact:Media Team+1-630-227-5100Editor@ View original content to download multimedia: SOURCE AAR CORP. Sign in to access your portfolio
