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Cebu Pacific has entered into an agreement to provide wet lease services to flag carrier Vietnam Airlines
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It 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
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The aircraft will be based in Ho Chi Minh City and its operation will cover domestic routes from Ho Chi Minh City to Cam Ranh, Phu Quoc, Vinh, Da Nang, and vice versa
Cebu Pacific has entered into an agreement to provide wet lease services to flag carrier Vietnam Airlines.
It covers the deployment of one Airbus A320neo aircraft powered by Pratt & Whitney engines, which Vietnam Airlines will utilize for domestic flight operations between July 15 and September 7, 2026, Cebu Pacific said in a statement.
Under a wet lease arrangement, the lessor provides aircraft, crew, maintenance, and insurance to another airline for a specified period.
The aircraft will be based in Ho Chi Minh City and will be used for flights to and from Cam Ranh, Phu Quoc, Vinh, and Da Nang.
READ: Another Cebu Pacific A320neo arrives, boosting modern fleet
“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,” Cebu Pacific chief financial officer Mark Cezar said.
He added that the 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 for the low-cost carrier to diversify revenue streams while expanding its presence in one of the world’s fastest-growing aviation markets, he added.
READ: Cebu Pacific carries 14.5M passengers in H1 2026, up 4.3%
Cebu Pacific said the agreement further demonstrates its strong capability to enter wet lease arrangements with other airlines, both as a lessor and a lessee. In 2024, 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.
