Selling A319s will let us upgrade to bigger jets: Cebu Pacific

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Philippine low-cost carrier Cebu Pacific says that the move to sell its entire fleet of 10 Airbus A319s to Allegiant Air will allow it to upgrade to bigger aircraft.

Starting March 2013, Cebu's A319s will be progressively delivered to the American low-cost operator over a period of 15 months.

"The Airbus A319s are our oldest and smallest jet aircraft. Whilst they have served us well for the last six years as we have grown our business and developed new markets, the time is right to trade up to bigger, brand new Airbus A320s," says its president and chief executive Lance Gokongwei.

Cebu will be taking delivery of 15 new A320s and four Airbus A330s between now and 2014. The carrier is also "exploring options" to advance the delivery of A320s scheduled for 2015 and 2016.

The carrier has 23 A320s and 30 A321neos on order.

The carrier is also slated to launch long-haul services in the third quarter of 2013 with a fleet of eight A330s and has said that it could operate services to Australia, Middle East, Europe and the United States with these aircraft.

Cebu has a fleet of 10 A319s, 20 A320s, and eight ATR 72-500 turboprops.