Cebu Pacific, the Philippines’ leading low-cost airline, and Saudi Arabia’s fast-growing budget carrier flyadeal have signed a Memorandum of Understanding (MoU) to explore strategic commercial cooperation, beginning with a mutual wet lease agreement.

Under the first phase of the deal, flyadeal will wet lease two of Cebu Pacific’s Airbus A320s for use during Saudi Arabia’s busy summer travel season. In return, Cebu Pacific is looking into wet leasing flyadeal’s A320s to support its operations during Southeast Asia’s peak winter season.

“This marks flyadeal’s first-ever airline partnership, and Cebu Pacific was a natural choice as we prepare to welcome the same A330-900neo aircraft into our fleet by 2027,” said flyadeal CEO Steven Greenway during the signing ceremony in Manila. “We see great potential in sharing technical knowledge, training, and operational best practices.”

Cebu Pacific CEO Mike Szucs highlighted that the partnership will help optimize fleet utilization across different seasons while expanding the airline’s revenue streams and global reach. “It’s a win-win opportunity,” he said, noting that Cebu Pacific aims to provide wet-lease support and build long-term collaboration with international carriers.

Both airlines will continue to develop more joint initiatives in the coming months, paving the way for deeper cooperation in maintenance, training, and long-haul market expansion.