Cebu Pacific, the country’s largest carrier, has entered a landmark wet-lease agreement with Saudi Arabia’s flyadeal, signaling a broader strategic collaboration between the two fast-growing low-cost airlines. Announced at a joint press conference in Manila, the deal will see Cebu Pacific lease two Airbus A320s to flyadeal for the Saudi summer travel surge, while a reciprocal wet-lease arrangement during Southeast Asia’s winter peak is under consideration.
The memorandum of understanding (MoU) marks flyadeal’s first formal airline partnership and sets the stage for expanded cooperation in commercial operations, maintenance, engineering, and future widebody aircraft deployment. The alliance holds commercial significance as both airlines aim to optimize fleet utilization, diversify revenue streams, and enhance operational synergy—particularly with flyadeal’s planned A330-900neo expansion from 2027, mirroring Cebu Pacific’s existing long-haul setup.
flyadeal CEO Steven Greenway highlighted the strategic value of tapping Cebu Pacific’s expertise in low-cost long-haul operations. Cebu Pacific CEO Mike Szucs emphasized the commercial upside of monetizing surplus capacity and expanding international partnerships. Regular planning meetings are expected as both carriers shape their collaborative roadmap.
