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 Manila by flyadeal's CEO Steven Greenway and Cebu Pacific's CEO Mike Szücs, marking the beginning of a strategic partnership between the two airlines. The collaboration will also support flyadeal's planned launch of A330 long-haul operations in 2027.
“Today's agreement is momentous as it marks flyadeal's first ever strategic airline partnership. It was clear and obvious that flyadeal could learn a lot from Cebu Pacific's experience of low-cost long-haul operations given we will be inducting the same A330-900neos into our fleet in just two years' time. There are great benefits in sharing technical knowledge, training, and best practice in preparation for our A330 induction and, of course, we are both A320 operators,” stated Steven Greenway “This was the starting point for wide-ranging commercial discussions covering a broad range of areas including more immediate needs of wet-leasing aircraft for flyadeal's busy upcoming summer season. A win, win situation all round to bring in Cebu Pacific aircraft during our peak period and vice versa for Mike and his team to explore taking our aircraft for their winter peak later this year.”
“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,” commented Mike Szucs. “This partnership with flyadeal highlights Cebu Pacific's growing capability to support international carriers through wet leasing and broader operational collaboration. It diversifies our revenue streams and further expands Cebu Pacific's presence beyond the Asia Pacific region.”
