BDO finances Cebu Pacific's aircraft purchase

Sy-led BDO Unibank Inc. has provided financing for Cebu Pacific’s acquisition of two new Airbus A320neo aircraft to boost the Gokongwei-led budget carrier’s capacity.

In a statement on Wednesday, BDO said its financing support for the airline’s aircraft acquisition underscores its commitment to supporting strategic investments that drive economic activity and help businesses expand in high-growth sectors.

The lender, however, did not disclose the amount of financing it provided to Cebu Pacific.

Nonetheless, the bank said it served as the sole lender for the transaction, noting that the financing support reflects the strong partnership between BDO and Cebu Pacific in supporting industry growth, enhancing connectivity, and enabling greater mobility for Filipinos.

“BDO remains committed to supporting strategic investments that enable our clients to grow and adapt in a dynamic environment,” said Ed Francisco, president and CEO of BDO Capital.

“Our partnership with Cebu Pacific reflects our confidence in the aviation sector’s continued recovery and long-term potential,” said Francisco.

“We value BDO’s continued support as we strengthen our operations and expand our fleet,” said Mark Cezar, chief financial officer of Cebu Pacific.

“These new aircraft will enable us to better serve our passengers while advancing our long-term growth and sustainability goals,” said Cezar. —AOL, GMA News