Cebu Pacific Air and Bulgaria Air engaged in a long-term leasing arrangement with the goal of strengthening CEB's fleet and better serving its passengers. On 3 January, Cebu Pacific received delivery of the first of the two A320ceo aircraft.

CEB Corporate Spokesperson Carmina Romero said the aircraft has a 180-seat capacity and will fly passengers on selected flights from Manila to Cebu and Davao from January to April 2024.

Also known as ACMI, damp leasing is an agreement between two airlines where the lessor provides aircraft, crew, maintenance, and insurance to the lessee.

The new aircraft is now at Ninoy Aquino International Airport Terminal 3.