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Cebu Pacific (CEB) receives on Jan. 7, 2024 the second A320ceo aircraft under its damp lease agreement with Bulgaria Air, boosting CEB’s fleet to cater to the increasing demand for air travel. The 180-seater aircraft will serve passengers on selected flights bound 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 an aircraft, crew, maintenance, and insurance (ACMI) to the lessee. The first aircraft it leased arrived on Jan. 3.