PTT inks Php7-B jet fuel supply deal with Cebu Air; remains major jet fuel supplier of budget carrier
February 12, 2018
PTT Philippines and the country’s largest budget carrier Cebu Pacific have renewed their jet fuel supply agreement with the former sustaining its position as the major supplier of the Gokongwei-owned airline’s aviation fuel requirements.
PTT Philippines President and Chief Executive Officer Sukanya Seriyothin and her Cebu Air counterpart Lance Gokongwei recently signed the Php7-billion supply contract for 2018.
“Cebu Air has been a loyal and good business partner,” Seriyothin said. “Our partnership for more than 15 years is a testament of how it has been growing stronger for years.”
She added that the sustained business relationship with Cebu Air is anchored on trust, loyalty, and commitment to provide the best and quality products and services that PTT has been affording to its customers.
For over 15 years, PTT Philippines has been supplying jet fuel to Cebu Air and currently accounts most of the airline’s total jet fuel requirements especially for their flights using the Ninoy Aquino International Airport, the Diosdado Macapagal Airport (Clark), and the Visayas routes.
PTT has been in the Philippines for more 20 years now and is also into the fuel retail business with 122 service stations to date spread across Luzon and in Central Visayas. Its wholesale business also serves the maritime industry.
Recently, it diversified into non-oil business with the introduction to the Philippine market of its coffee shop chain, the Café Amazon, that originated from Thailand.
Apart from Seriyothin and Gokongwei, other executives present during the signing ceremony were Mr. Thitiroj Rergsumran, Marketing Director of PTT Philippines; Mr. Danilo Alabado, General Manager of PTT Philippines Trading Corporation; PTT Philippines Chief Finance Officer Ms. Patrinee Suponthana; Mr. Joseph Macagga, vice president for fuel, procurement and facilities management of Cebu Air; and Mr. Edwin Sarte, Director for Fuel Operations, Cebu Air.