Cebu Pacific and flyadeal sign leasing and maintenance agreement

Cebu Pacific and flyadeal Forge Strategic Leasing and Maintenance Partnership
Cebu Pacific and Saudi Arabia’s flyadeal have entered into a memorandum of understanding (MoU) to pursue joint commercial initiatives, focusing on aircraft leasing and engineering support. Under the agreement, flyadeal will wet-lease two of Cebu Pacific’s Airbus A320 aircraft for its upcoming summer peak season. In exchange, Cebu Pacific is considering wet-leasing A320s from flyadeal during Southeast Asia’s high-demand winter travel period later this year. The MoU was formalized in Manila by flyadeal CEO Steven Greenway and Cebu Pacific CEO Mike Szücs, signaling the start of a strategic partnership between the two low-cost carriers.
The collaboration extends beyond immediate fleet needs. It is set to support flyadeal’s planned launch of A330 long-haul operations in 2027, with both airlines aiming to share technical expertise, training, and best practices. “Today’s agreement is momentous as it marks flyadeal’s first ever strategic airline partnership,” said Greenway. “It was clear that flyadeal could learn a lot from Cebu Pacific’s experience of low-cost long-haul operations, especially as we prepare to induct the same A330-900neos into our fleet in two years’ time. There are great benefits in sharing technical knowledge and best practices, particularly as both airlines operate A320s.”
Greenway added that the partnership originated from discussions about immediate wet-leasing needs for flyadeal’s busy summer season, but quickly expanded to cover broader commercial cooperation. “It’s a win-win situation—bringing in Cebu Pacific aircraft during our peak period, and potentially providing our aircraft to Cebu Pacific for their winter peak later this year,” he said.
Cebu Pacific’s CEO Mike Szücs emphasized the strategic value of the agreement. “With Cebu Pacific’s growing fleet, we seek to maximize the potential of our increased capacity throughout the year. Utilizing our aircraft during lean seasons by leasing to other carriers is one way to achieve that,” Szücs noted. “This partnership with flyadeal highlights Cebu Pacific’s expanding capability to support international carriers through wet leasing and broader operational collaboration. It diversifies our revenue streams and extends our presence beyond the Asia Pacific region.”
While the agreement offers clear benefits in terms of fleet optimization and operational knowledge-sharing, both airlines may face challenges in integrating operations and ensuring regulatory compliance across different jurisdictions. Industry observers note that market reactions could be mixed, as the partnership may prompt competitors to reassess their own leasing and maintenance strategies in response to the evolving landscape.
The MoU marks a significant step for both Cebu Pacific and flyadeal as they seek to enhance operational flexibility and tap into new revenue opportunities, while navigating the complexities of cross-border airline collaboration.

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