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Encyclopedia > Wet lease

A wet lease is any leasing arrangement whereby a company agrees to provide an aircraft and at least one pilot to another company. It does not include a code sharing arrangement. The term company may refer to a separate legal entity, as in English law, or may simply refer to a business, as is the common use in the United States. ... For other uses, see Aviator (disambiguation). ... Code sharing is a business term which first originated in the airline industry. ...


They can also be considered as a form of charter whereby the lessor provides minimum operating services, including aircraft, crew, maintenance, and insurance, and the lessee provides the balance of services along with flight numbers. In all other forms of charter, the lessor provides the flight numbers. Variations of a wet lease include a code share arrangement and a block seat agreement. Dry Lease refers to leasing only the aircraft. Damp lease is a vernacular term once used in the UK meaning a wet lease with no fuel. A wet lease is typically utilized during peak traffic seasons or annual heavy maintenance checks, or to initiate new routes. An Airbus A380, currently the worlds largest passenger airliner An aircraft is any vehicle or craft capable of atmospheric flight. ...


When an air carrier provides less than an entire aircraft crew, the wet lease occasionally is referred to as a damp lease. An airline is an organization providing aviation services to passengers and/or cargo. ...


A number of specialist independent aircraft re-marketing agencies produce reports on behalf of Lessor's marketing their aircraft availability for wet lease contract. [1]


See also

Aircraft finance refers to financing for the purchase and operation of aircraft. ...

Source

  • US FAA definition of wet lease FAA.gov

  Results from FactBites:
 
AWS Dry/Wet/ACMI Lease: Aviation World Services (431 words)
The length of the lease must be a minimum of five (5) years, and preferably seven (7).
The length of the dry lease term is a function of the age of the aircraft, the asking or selling price of the aircraft, and the financial stability of the client.
Please be advised these figures are based upon a minimum five (5) year lease, the longer the lease the lower the payment.
Wet lease - Wikipedia, the free encyclopedia (230 words)
Variations of a wet lease include a code share arrangement and a block seat agreement.
Damp lease is a vernacular term once used in the UK meaning a wet lease with no fuel.
A wet lease is typically utilized during peak traffic seasons or annual heavy maintenance checks, or to initiate new routes.
  More results at FactBites »

 
 

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