Cebu Pacific to lease aircraft to Saudi carrier Flyadeal
Cebu Pacific has announced a lease agreement to provide two Airbus A320 jets to Saudi budget airline Flyadeal. This strategic partnership is expected to generate additional revenue, which could positively influence the airline's financial performance and potential dividends.
- Cebu Pacific will lease two Airbus A320 jets to Flyadeal.
- The lease aims to maximize capacity utilization during lean months.
- This partnership could enhance Cebu Pacific's revenue streams.