Post by Cebu Pacific Air

CEB News: Cebu Pacific has entered into a wet lease agreement with Vietnam Airlines, covering the deployment of one Airbus A320neo aircraft powered by Pratt & Whitney engines. The aircraft will be based in Ho Chi Minh City and operated by Cebu Pacific pilots and cabin crew from July 15 to September 7, 2026, serving domestic routes including Cam Ranh, Phu Quoc, Vinh, and Da Nang. “Vietnam and the broader Southeast Asian market continue to see strong growth in air travel, creating opportunities for airlines to collaborate more closely in meeting demand. As Cebu Pacific’s fleet continues to expand, we are well positioned to deploy our capacity where it is needed most, including through strategic wet lease partnerships during periods of lower demand in the Philippines,” said Mark Cezar, Cebu Pacific Chief Financial Officer. This agreement further demonstrates Cebu Pacific’s strong capability to enter wet lease arrangements with other airlines, both as a lessor and a lessee. In 2023, Cebu Pacific signed a damp lease agreement with Bulgaria Air for two A320ceo aircraft to meet the growing travel demand in the Philippines amid the post-pandemic travel recovery.  Cebu Pacific also successfully provided wet lease services to Saudi Arabian low-cost carrier flyadeal, which utilized two A320 aircraft to strengthen the Middle Eastern airline’s fleet during its peak summer flying season in 2025.