Phoenix expands deal with Cebu Pacific

PHOENIX Petroleum Philippines, Inc. expands its services to Cebu Air, Inc. — COMPANY HANDOUT

PHOENIX Petroleum Philippines, Inc. has expanded its services to Cebu Air, Inc. in two more domestic airports, bringing the total to 17 under their decade-long partnership.
In a disclosure to the stock exchange on Thursday, Phoenix Petroleum said the listed airline, which operates under the trade name Cebu Pacific Air, recently granted the independent oil company the contract to provide into-plane services in Bacolod and Dumaguete, with Cebu-Mactan airport soon to be added in the list.
The contract is apart from the fuel storage and bridging services that Phoenix Petroleum provides.
“We thank Cebu Pacific for their continued trust in Phoenix Petroleum, and are proud to be their partner in helping fuel their passengers’ journeys one flight at a time,” said Henry Albert R. Fadullon, Phoenix chief operating officer, in a statement.
Phoenix Petroleum said it had also started servicing Cebu Pacific in Roxas Airport in Capiz and in San Jose Airport in Occidental Mindoro, the first airport it is serving in Luzon.
The additional airports increased the oil company’s total number of domestic airports served to 17, of which one is in Luzon and eight each in the Visayas and Mindanao.
Phoenix Petroleum said it has been the exclusive logistics provider of Cebu Pacific in Mindanao since 2005 when the listed oil company was just starting in Davao City.
“In January, the two companies renewed their supply agreement for jet fuel through Phoenix’s subsidiary, Subic Petroleum Trading & Transport Phils, Inc.,” the company said.
On Thursday, shares in Phoenix Petroleum were unchanged at P12 each. — Victor V. Saulon