Avolon agrees sale and leaseback of new aircraft to Philippines-based carrier

Avolon, the Irish aircraft leasing company, has agreed the sale and leaseback of four new Airbus A330neo aircraft with Cebu Pacific, a Philippines-based low-cost airline.

The first aircraft is scheduled for delivery in late 2024, with the final delivery planned in 2026, according to a statement from Avolon.

Avolon said the new aircraft will support Cebu’s expansion of its route network in Asia and the Middle East, and its goal to transition to a “fuel-efficient, ...