Cebu Pacific Selects HAECO for A330 Maintenance

Cebu Pacific Air (PSE:CEB), the Philippines' largest carrier, has appointed Hong Kong Aircraft Engineering Company Ltd. ("HAECO") as the provider of engineering services for its fleet of up to eight Airbus A330-300 aircraft.

The HAECO group will provide Inventory Technical Management (ITM) and Fleet Technical Management (FTM) services for Cebu Pacific's wide-body fleet of A330-300 aircraft. The services include detailed planning of regular comprehensive maintenance checks, pool management of components, management of component repairs and overhauls, as well as 24/7 AOG support.

Cebu Pacific will use the Airbus A330s to launch long-haul operations in the second half of 2013. It recently announced it will commence daily services to its first long-haul destination: Dubai.

"When we launch long-haul operations, we intend to serve destinations where a large number of Filipinos reside, such as the Middle East and Australia," said Cebu Pacific President and CEO Lance Gokongwei.

"In choosing HAECO, Cebu Pacific can tap into the expertise that HAECO has built up with the A330. The efficiencies resulting from the sharing of parts inventories and HAECO's strong technical capabilities will assist the airline in providing low fares on long-haul routes," Gokongwei added.

Headquartered in Hong Kong, the HAECO group has been providing maintenance services to the world's largest Airbus A330 fleets for leading airlines in the Asia-Pacific region.

HAECO Chief Executive Officer Augustus Tang said: "We are very pleased to be chosen by Cebu Pacific, supporting the airline in the next phase of its growth. We are confident of delivering great value and operational reliability to the customer, by means of our technical expertise and operational scale of the A330 aircraft, geographical proximity between our Hong Kong hub and Manila, as well as our heritage of operational excellence."

The Airbus A330 aircraft has a range of up to 11 hours, longer than Cebu Pacific's current fleet mainstay, the A320. Close to a thousand aircraft of the A330 family are in use by airlines around the world.

Cebu Pacific Air President and CEO Lance Y. Gokongwei (2^nd from left) and General Manager Long Haul Division Alex Reyes (left) were pictured at the signing ceremony with HAECO Group Director Operations Mark Hayman (2^nd from right) and Group Director Commercial Summit Chan (right).

About Cebu Pacific (PSE:CEB)
Cebu Pacific Air is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline. It offers over 2,000 weekly flights to 32 domestic and 21 international destinations, from six Philippine hubs. CEB's international destinations are: Brunei, Cambodia (Siem Reap), China (Beijing), China (Guangzhou), China (Shanghai), China (Xiamen), Dubai, Hong Kong, Indonesia (Bali), Indonesia (Jakarta), Japan (Osaka), Korea (Busan), Korea (Incheon), Macau, Malaysia (Kota Kinabalu), Malaysia (Kuala Lumpur), Singapore, Taiwan (Taipei), Thailand (Bangkok), Vietnam (Hanoi) and Vietnam (Ho Chi Minh).CEB currently operates 10 Airbus A319, 24 Airbus A320 and 8 ATR-72 500 aircraft one of the most modern aircraft fleets in the world. Between 2013 and 2021, CEB will take delivery of 18 more Airbus A320 and 30 Airbus A321neo aircraft orders. It is slated to begin long-haul services in the 2nd half of 2013, with the arrival of two Airbus A330 aircraft.

About Hong Kong Aircraft Engineering Company Limited ("HAECO")
HAECO is one of the world's leading aeronautical engineering groups providing a comprehensive range of services encompassing Airframe Maintenance, Cabin Reconfiguration / Integration Services, Cabin Completion Centre / Design Engineering, Freighter Conversion, Parts Manufacturing, Line Maintenance, Fleet Technical Management, Inventory Technical Management, Component Services, Engine Overhaul and Technical Training. The HAECO Group consists of 18 subsidiaries and affiliates, employing over 14,000 staff in Hong Kong, Mainland China and Singapore and Bahrain. In 2012, HAECO was awarded the "Leading Independent Organisation" by Aviation Week and voted as the "Best Airframe MRO Provider - Asia" at the Aircraft Technology Engineering & Maintenance Awards. HAECO is publicly listed on the Hong Kong Stock Exchange (Stock Code: 00044). HAECO's website: www.haeco.com