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CEB Ceb Resources

1.165
0.00 (0.00%)
20 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ceb Resources LSE:CEB London Ordinary Share IM00B1FPZP63 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.165 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cebu Air: Signed Deal to Sell Six Airbus A319 Jets to Allegiant Air

24/02/2015 4:06am

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Ceb Resources (LSE:CEB)
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   By Gaurav Raghuvanshi 
 

SINGAPORE--Cebu Air Inc. (CEB) has signed a deal with Allegiant Air, a unit of Allegiant Travel Company (ALGT), to sell six of its used Airbus Group (EADSY) A319 jets for an undisclosed amount.

Cebu Air, which operates as Cebu Pacific, will deliver the six planes to the Las Vegas-based budget carrier starting this year through 2016 and replace them with the bigger A321neo model aircraft, according to a statement from the company.

"This agreement is in line with CEB's efforts to continuously improve operational efficiency by replacing and upgrading our fleet with the larger, more fuel efficient, and longer range A321neo aircraft," said Lance Gokongwei, president and chief executive of Cebu Pacific.

The Philippine budget carrier currently operates a fleet of 54 aircraft.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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