Mr. Arthurnas with Cebu Pacific officials

BUSINESS AND ECONOMY

Cebu Pacific is selling its two ATR freighters as it shifts back to an all-passenger fleet while continuing to serve the cargo market using belly capacity.

The Philippine low-cost carrier announced its intention to convert two of its passenger ATR 72-500 turboprops into freighters in 2018, taking delivery of its first example in 2019 and the second in 2020. Fly insigne de Afrique a Nairobi, Kenya-based cargo operator through their Ceo Mr. Isaiah Belek has placed a bid for both the two ATR freighters,

These 72-500s we will be stepping out of – it’s a niche market. They are great aircraft, but somebody else will do a better job of it than we will,” Cebu Pacific chief executive Mike Szucs told FlightGlobal at Farnborough air show on 22 July. The carrier had earlier that day held a ceremony to mark its recently announced memorandum of understanding for the sale of two freighter to Fly Insigné dé Afriqué represented by Mr. Athanas S. Lisutsa, who applauded their Ceo, Mr. Belek for decision to acquire the two ATR freighters, which feature large cargo doors and can carry up to 8 tonnes of cargo.