5J beats 2P as Philippines Fastest Growing Airline in 2010

As LCC War Heats Up

June 27, 2011

Singapore - LCC airline Cebu Pacific Air (CEB) remain as the fastest growing low cost carrier in the Philippines after reporting a total of 10.4 million passengers carried in 2010, a 19% growth from the previous year's figure.

Cebu Pacific was followed by Philippine Airlines Low Cost subsidiary Air Philippines growing 11 percent and Zest Airways occupying the third spot.

APX deploys six A320s and eight Q300s/400s and expects to receive six more A320s before the end of the year, while CEB operates 10 Airbus A319, 14 Airbus A320 and 8 ATR-72 500 aircraft with four more frames for delivery in 2011, or a total of 37 planes for its fleet at the end of the year.

Meanwhile, Zest Airways have a fleet of five A320s, one Airbus A319 and four MA60s. It has on order for four A320s for 2011. It recently suspended the purchase of two Boeing 767-300 because of the political crisis in Bahrain and Saudi Arabia.

Butch Rordiguez, Zest Airways’ commercial and external affairs senior vice president, said that the company will be acquiring 15 additional Airbus A320 up to 2015 as it targets to increase its Airbus A320 fleet to 25 aircraft.

Between 2012 and 2014, Cebu Pacific will take an additional 16 Airbus A320 aircraft.The company recently forged a deal at the Paris Airshow for 30 A321s and seven A320s to be delivered between 2015 and 2021. Airline CEO Lance Gokongwei ordered 37 new Airbus aircraft worth $3.8 billion for Asia Pacific region expansion.

APX senior vice-president for marketing and sales Alfredo Herrera said that by 2012 additional five A320s will join the fleet and another five A320s will join in 2013 to complete its 20-aircraft, $250-million expansion program approved last year.

Presently however, APX’s market share surged 353 percent to 1.9 million passengers in 2010, cornering 11 percent of the domestic market last year or nearly four times its market share of 2.9 percent in 2009 at the expense of CEB and PAL which have seen their market share decline amid APX's growth.

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