Cebu Pacific Leases Airbus A320s to Saudi Flyadeal for Summer Peak

Philippine low-cost carrier Cebu Pacific and Saudi Arabia’s flyadeal have signed a memorandum of understanding to explore strategic commercial cooperation, including a wet-lease arrangement and maintenance support. Under the agreement, flyadeal will lease two Airbus A320 aircraft from Cebu Pacific during Saudi Arabia’s summer peak season, marking the first time Cebu Pacific is leasing out its aircraft to a foreign airline. In reciprocation, Cebu Pacific is considering wet-leasing flyadeal's A320s during the busy winter period in Southeast Asia to optimize fleet utilization during seasonal lulls. The partnership also aims to share technical knowledge and training ahead of flyadeal's planned induction of Airbus A330-900neos starting in 2027, aligning with Cebu Pacific’s experience operating the same model. Both airlines see this collaboration as a way to diversify revenue streams and expand their international presence, signaling growing cooperation between Middle Eastern and Asia-Pacific budget carriers. This deal highlights an adaptive response to shifting travel patterns and seasonal demand fluctuations in both regions.