• PTT, Cebu Pacific renew fuel supply contract

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    Thailand’s PTT Philippines Corp. (PTTPC) will supply the fuel requirements of the aircraft of Cebu Air Inc., after the two companies renewed their long-standing contract. This will be PTT’s 14th year of supplying jet fuel to Cebu Pacific.

    Cebu Air operates Cebu Pacific, which is the country’s biggest budget airline.

    PTTPC President and Chief Executive Officer (CEO) Wisarn Chawalitanon and Cebu Air President and CEO Lance Gokongwei led the signing of contract, with PTT committing to supply the airline company with a minimum of 162 million liters of its Jet A-1 fuel requirements for this year.

    “We [PTT] are proud to be given that trust by Cebu Pacific as its jet fuel supplier for 14 years, and we promise to continue on providing quality and reliable jet fuel to one of the most successful airlines in country,” Chawalitanon said during the contract signing held recently in Quezon City.

    Besides Cebu Pacific, PTT also other airlines using the Diosdado Macapagal International Airport in Clark, Pampanga. Among these are Emirates, UPS, Qatar through Lubwell, and other ad hoc flights. PTT also maintains a refueling facility at the Subic International Airport with its fleet of six re-fueler trucks.

    PTTPC, a subsidiary of PTT Public Co. Ltd. of Thailand, has been into commercial marketing of fuel products after initially operating oil storage facilities in Subic.

    Merely two weeks ago, PTTPC opened four new gasoline stations in Quezon province in a bid to fast-track its expansion plans for this year.

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