Budget carrier Cebu Pacific on Thursday announced it has signed an agreement to provide “wet lease” to Vietnamese flag carrier Vietnam Airlines. Under a wet lease, one airline leases an aircraft complete with its crew, maintenance, and insurance to another airline.
Make this your preferred source to get more updates from this publisher on Google. Budget carrier Cebu Pacific on Thursday announced it has signed an agreement to provide “wet lease” to Vietnamese flag carrier Vietnam Airlines.
Under a wet lease, one airline leases an aircraft complete with its crew, maintenance, and insurance to another airline. In a statement, Cebu Pacific said the wet lease deal covers the deployment of one Airbus A320neo aircraft powered by Pratt & Whitney engines which Vietnam Airlines will utilize for its flight operations between July 15 and September 7, 2026.
The leased aircraft will be based in Ho Chi Minh City and will be operated by Cebu Pacific pilots and cabin crew, the Gokongwei-led carrier said. The operation of the leased aircraft will cover domestic routes from Ho Chi Minh City to Cam Ranh, Phu Quoc, Vinh, Da Nang, and vice versa.
“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 collaboration with Vietnam Airlines enables Cebu Pacific to broaden its role beyond passenger operations by providing operational support to airlines across the region. It also creates new opportunities to diversify our revenue streams while expanding our presence in one of the world’s fastest-growing aviation markets,” said Cezar. The airline said the latest agreement further demonstrates Cebu Pacific’s capability to enter wet lease arrangements with other airlines, both as a lessor and a lessee.
In 2023, Cebu Pacific recalled it 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. The budget carrier also 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.
Please follow us on Google to support usPhilippines Latest News, Philippines Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
Cebu Pacific to Roll Out Starlink In-Flight Connectivity Across FleetCebu Pacific, a Gokongwei-led low-cost carrier, will become the first airline in Southeast Asia to offer Starlink's high-speed internet on board its flights. The initiative is part of a broader collaboration between Starlink and Indigo Partners' portfolio of airlines, which includes Frontier, Wizz Air, Volaris, and JetSMART. Over 1,000 aircraft are expected to adopt the system, enhancing passenger experience with reliable Wi-Fi while maintaining affordable fares.
Read more »
Guadalupe councilor urges Cebu City Government to rehabilitate drainageA BARANGAY councilor has called on the Cebu City Government to rehabilitate drainage systems and waterways, saying stronger flood control infrastructure is need
Read more »
Cebu Pacific to Introduce Starlink as First Southeast Asia Low-Cost Carrier for In-Flight ConnectivityCebu Pacific is set to become the first low-cost airline in Southeast Asia to deploy SpaceX's Starlink satellite internet on flights in 2027, promising HD streaming, gaming, and improved crew connectivity. The move aligns with a multicarrier agreement backed by US firm Indigo Partners for installation across over 1,000 aircraft globally, though Cebu Pacific has not yet disclosed pricing, rollout details, or specific aircraft models.
Read more »
CEB says passenger traffic rose 4.2% in first half - BusinessWorld OnlineCEBU AIR, Inc. (CEB), operator of budget carrier Cebu Pacific, said its passenger traffic rose 4.24% year on year to 14.50 million in the first half, driven by higher domestic passenger traffic.
Read more »