On Monday Cebu Pacific sent seven Airbus 321-211 and two A330-343 airplanes to Asia Pacific Aircraft Storage (APAS) in Alice Spring Australia for indefinite storage.
It was reported that the airline was seeking sale and leaseback arrangements for 17 A320ceo aircraft as a part of its ongoing review of its long-term operations but appears to have failed, and rumor’s are now that Cebu are now trying to sell a couple of their A320 for around USD1.5 million but due to the oversupply of available aircraft on the second hand market might find it hard to find buyers.