Gokongwei-owned airline Cebu Pacific (CEB), the Philippines’ leading domestic carrier, took delivery of its third brand new ATR 72-500 turbo-prop aircraft on September 23, 2008, from Toulouse, France. The aircraft will be based in the airline’s Cebu hub to support further expansion. The ATR leads the turbo-prop class due to its reliability, ease of maintenance and its ability to land on short runways. Cebu Pacific has ordered up to 18 brand new ATR aircraft as part of its overall domestic operations expansion in one of the fastest growing markets in the world. Cebu Pacific has the youngest fleet of aircraft in the Philippines with 10 A319, eight A320 and three ATR72-500 aircraft.