Gokongwei-led airline Cebu Pacific (CEB) and Saudi Arabian low-cost carrier Flyadeal inked a memorandum of understanding (MOU) on Wednesday to explore strategic cooperation, including wet leasing.

They will also explore cooperation in maintenance and engineering.

The MOU signed in Parañaque City includes Flyadeal utilizing two of CEB's Airbus A320 aircraft on a wet-lease arrangement for the upcoming summer peak season in the Kingdom of Saudi Arabia.

Cebu Pacific is also examining wet-leasing Flyadeal A320s during the busy winter period in Southeast Asia.

“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," Flyadeal chief executive officer (CEO) Steven Greenway said.

He added that wide-ranging commercial discussions are in the pipeline.

"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,” he said.

CEB CEO Mike Szucs said the 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," Szucs said.

CEBU PACIFIC PHOTO