Headline: Airline News


Cebu Pacific Air (5J) secured export credit agencies-covered financing from KfW IPEX-Bank and SMBC for the acquisition of three new Airbus A320 aircraft. All aircraft will be equipped with CFM56 engines and will increase 5J’s total fleet to 41 aircraft. One aircraft was delivered Aug. 9 in Toulouse. The remaining aircraft are scheduled for delivery in October and November this year. KfW IPEX-Bank and SMBC are acting as joint Arrangers of the transaction, while KfW IPEX-Bank is also acting as Agent and Security Trustee.

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