CEBU Pacific Air Places $140 Million CFM56-5B Order To Power New A319S

December 17, 2004

MANILA, PHILIPPINES December 17, 2004 Cebu Pacific Air yesterday announced that is has selected the CFM56-5B engine to power 12 Airbus A319 aircraft in an engine order valued at approximately $140 million at list price, including spares.

CFM56-5B engines are produced by CFM International (CFM), a 50/50 joint company between Snecma Moteurs (Safran Group) and General Electric Company. CFM is the world's largest commercial aircraft engine producer.

Cebu Pacific, which becomes CFM's newest customer with this order, is based in Manila, Philippines. The airline is scheduled to take delivery of its first purchased A319 airplane in September 2005, with aircraft deliveries extending through 2007. The airline will also lease two CFM-powered A320s scheduled to begin delivery in March 2005. Cebu Pacific launched scheduled passenger service as a domestic carrier in March 1996 and has grown steadily over the last eight years, serving one million passengers annually on routes to nearly 20 destinations within the Philippines. The airline plans to use the 14 new A319s/A320s to phase out other aircraft in its fleet.

As the only engine that can power every model of the A320 family with the same bill of materials, the CFM56-5B provides airlines a distinct commonality advantage, in addition to the lowest cost of operation on this application. The CFM56-5 has remained the engine of choice for the Airbus A320 family. The high reliability, long on-wing life, and low maintenance costs of the CFM56 engine family make these engines extremely popular with both low-cost carriers and leasing companies. One of the primary factors behind the engine's broad-based market acceptance has been its simple, rugged architecture, which gives it the highest reliability, durability, and lowest maintenance costs in its class.

Jamie Jewell

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Charles Soret

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Perry Bradley

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Talal Ahmed Almahmood

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