US EditionCebu Pacific to Lease Aircraft to Saudi Carrier Flyadeal - BusinessWorld Online
- On May 28, 2025, Cebu Pacific and Saudi low-cost carrier flyadeal signed a memorandum in Manila to begin a wet-lease and commercial cooperation partnership.
- The agreement follows talks started earlier in 2025, driven by Cebu's excess capacity during its low season and flyadeal's need for additional Airbus A320s for its summer peak in Saudi Arabia.
- The partnership includes Cebu Pacific leasing two A320 aircraft and crew to flyadeal from June to August, with mutual collaboration in maintenance, engineering, and wider commercial initiatives.
- Flyadeal CEO Steven Greenway described the agreement as the airline's inaugural strategic partnership, while Cebu Pacific CEO Mike Szucs highlighted their goal to optimize the use of their expanding fleet throughout the entire year.
- This deal marks Cebu Pacific’s first time leasing out aircraft, diversifies its revenue, and may lead to further aircraft leasing amid fleet expansion to 100 jets by year-end.
12 Articles
12 Articles
Cebu Pacific to lease aircraft to Saudi carrier Flyadeal - BusinessWorld Online
BUDGET AIRLINE Cebu Pacific will lease two of its aircraft to Saudi Arabia’s low-cost carrier Flyadeal as part of a new partnership between the two companies. “With Cebu Pacific’s growing fleet, we seek to maximize the potential of our increased capacity through all months of the year. The utilization of our capacity by other carriers during our lean season is a way of achieving that,” Cebu Pacific Chief Executive Officer Michael B. Szucs said d…
Cebu Pacific leases aircraft to Saudi low-cost carrier Flyadeal amid seasonal lull
Gokongwei-led Cebu Pacific has signed a wet-lease agreement with Flyadeal, the low-cost unit of the Saudia Group, which will see the country’s leading budget carrier lease out its aircraft during the anticipated weak period in the third quarter.Shaping up to be the beginning of a landmark agreement, Cebu Pacific and Flyadeal formalized their collaboration in a signing of a memorandum of understanding (MOU) on Wednesday, May 28.The agreement will…
Cebu Pacific lends jets to Saudi low-cost carrier
MANILA, Philippines — Cebu Pacific is set to lend its two jets to Saudi Arabian low-cost carrier flyadeal. This comes amid a global supply chain crunch that has been affecting aircraft availability. On Wednesday, the two airlines signed the wet-lease arrangement for the upcoming summer peak flying season in Saudi Arabia. READ: BIZ BUZZ: New
Cebu Pacific and flyadeal announce commercial partnership
Low-cost carriers Cebu Pacific (CEB) and flyadeal have entered into a strategic partnership, signing a Memorandum of Understanding (MoU) in Manila on May 28, 2025. The MoU, signed by Cebu Pacific CEO Michael Szucs and flyadeal CEO Steven Greenway, covers a wide range of opportunities in commercial cooperation and support in maintenance and engineering. The first phase of the MoU will see flyadeal utilize two of Cebu Pacific’s Airbus A320 aircraf…
Cebu Pacific and flyadeal sign lease and maintenance agreement
Cebu Pacific and flyadeal, have signed a memorandum of understanding (MoU) to explore joint commercial initiatives, including maintenance and engineering support. As part of the agreement, flyadeal will wet-lease two of Cebu Pacific's A320 aircraft for its summer peak season. In return, Cebu Pacific is considering wet-leasing A320s from flyadeal during Southeast Asia's busy winter travel period at the end of the year. The MoU was signed in Manil…
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