Cebu Pacific and flyadeal have formed a strategic partnership which will see both the budget airlines based in the Philippines and Saudi Arabia lease aircraft between each other.
Cebu Pacific and flyadeal have formed a strategic partnership which will see both the budget airlines based in the Philippines and Saudi Arabia lease aircraft between each other.
During a press event held in Manila, Philippines, officials from both airlines signed a Memorandum of Understanding (MoU) to explore joint strategic commercial initiatives covering commercial cooperation and support in maintenance and engineering.
As part of the MoU, flyadeal will wet-lease two narrowbody Airbus A320 aircraft from Cebu Pacific during the upcoming peak summer season in Saudi Arabia. The wet-lease period is within a two month period between late June and August. In return, Cebu Pacific is considering plans to wet-lease A320s from flyadeal during its own peak travel season during the winter.
Ahead of the announcement of the partnership, officials from flyadeal visited Cebu Pacific's hub in Manila earlier this year to learn about Cebu Pacific's A330-900neo (A330neo) operations. With its own order of 10 A330neos, flyadeal plans to enter the long-haul market with the widebody aircraft and expand its network with flights from Saudi Arabia to the Philippines and other cities in Southeast Asia starting in 2027.
“Today’s agreement is momentous as it marks flyadeal’s first ever strategic airline partnership,” said Steven Greenway, Chief Executive Officer, flyadeal. “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.”
"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.” said Mike Szucs, Chief Executive Officer, Cebu Pacific. “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.”
Greenway added: “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.”
Both Szucs and Greenway stated that their respective teams will meet frequenty to map out the joint commercial plans of the two airlines over the next few months.
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