The third of four brand-new Airbus A330neo aircraft that Cebu Pacific expects to add to its fleet this year arrived over the weekend from Airbus’ facility in Toulouse, France, strengthening the Gokongwei-led airline’s hold on the title as the largest A330neo operator in Asia.
‘Being the largest A330neo operator in Asia reflects our strong commitment to enhancing connectivity across the region. This aircraft enables us to serve more passengers while keeping costs low, which is a key part of our mission to offer affordable fares for every Juan,’ said Xander Lao, CEB president and chief commercial officer.
Airbus NEOs are the latest-generation aircraft that burn 15-percent less fuel per flight and produce less noise compared to the previous generation. The reduction in fuel consumption leads to a corresponding reduction in aircraft carbon emissions.
The first two A330neos ordered by Cebu Pacific-recognized as Asia’s Low-Cost Airline of the Year by the Centre for Asia Pacific Aviation-arrived last March 28 and July 18, with even more to be added in the years ahead.
The latest 459-seater wide-body aircraft has been deployed for domestic routes that Cebu Pacific will expand as it cashes in on resilient demand for more local and international flights in this busy last quarter of the year. -Tina Arceo-Dumlao
Ayala gets more arrows
Ayala Group has just struck gold with a Five Golden Arrow win for good corporate governance.
The conglomerate received its first five-arrow distinction, a prestigious honor given to publicly listed firms in the Philippines that display excellent corporate governance.
This means that Ayala Corp.’s marks were within the highest score bracket in the Asean Governance Scorecard. This highlights a company’s performance on sustainability, resilience, stakeholder management, transparency, accountability, and board strategy and management.
For its boss, success isn’t just about a blockbuster financial win.
‘At Ayala, we believe that the highest standards of corporate governance are a prerequisite for a sustainable business. We strive to be an institution that our stakeholders can always rely on,’ said Ayala Corp. president and CEO Cezar Consing.
‘Strong corporate governance is key to building and keeping this trust,’ he added.
Eight more Ayala firms earned Golden Arrow Awards, with telco giant Globe Telecom leading the pack with its fourth consecutive 5 Golden Arrow Award.
Ayala Land, the Bank of the Philippine Islands, and Integrated Micro-electronics, Inc. each won the 4 Golden Arrow Award. AREIT and AyalaLand Logistics Holdings Corp. got the 3 Golden Arrow Award, while ENEX received a 1 Golden Arrow Award.
BPI unit BPI AIA won a 3 Golden Arrow Award, while BPI MS won a 1 Golden Arrow Award.