PTT remains major jet fuel supplier for Cebu Air; inks new deal
May 17, 2019
PTT Philippines remains the major Jet A1 supplier of Cebu Air with more than half of the country’s largest airline’s total demand, following the recent signing of new contracts for 2019.
The supply agreement for the direct importation of some 260 million liters of jet fuel was signed recently between PTT Philippines Trading Corporation represented by its president and CEO Danilo Alabado and Cebu Air, Inc.’s Lance Gokongwei. PTT Philippines Corporation President and CEO Thitiroj Rergsumran and his predecessor Sukanya Seriyothin were there to witness the signing.
A separate supply agreement was also signed for Cebu Air’s domestic consumption of 12 million liters of Jet A1 in Clark International Airport between PTT Philippines Corporation and Cebu Air.
Earlier, both companies, together with PTT’s parent company PTTOR, also sealed an agreement for the refuelling of Cebu Air at Hong Kong International Airport. The contract involving 24-million liters of aviation fuel was signed at the PTTOR Head Office in Bangkok, Thailand.
PTT has been a long-time partner of Cebu Air, supplying Jet A-1 fuel for the airline for 20 years already.
Alabado disclosed that PTT Philippines also supplied around five-million liters of Jet A1 fuel to US military aircrafts during the recently-concluded Balikatan Exercises in Subic and Clark.
Meanwhile, Rergsumran said that PTT Philippines is also aggressively participating in Jet A-1 supply in various international airports in Asia with the collaboration of PTTOR.
“PTTOR has a system in place that’s why it’s easy for us to serve international airport in Asia just like the one that we recently signed with Cebu Air for Hong Kong International Airport,” Rergsumran said.