Information about Wet Lease
A wet lease is a leasing arrangement whereby one airline (lessor) provides an aircraft, complete crew, maintenance, and insurance, to another airline (lessee), who pays by hours operated. The lessee provides fuel, covers airport fees, and any other duties, taxes, etc. The flight uses the flight number of the lessee. A wet lease generally lasts one month to two years, anything less would be considered an ad-hoc charter.[1]
Ground handling is usually done by the lessor although this can vary from country to country. In some cases the lessee provides these services (or one of its partners).
They can also be considered as a form of charter whereby the lessor provides minimum operating services, including aircraft, crew, maintenance, and insurance (ACMI), 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. When an air carrier provides less than an entire aircraft crew, the wet lease occasionally is also sometimes referred to as a damp lease.<ref name="leasedef" />
A number of specialist independent aircraft re-marketing agencies produce reports on behalf of Lessor's marketing their aircraft availability for wet lease contract.[2]
Ground handling is usually done by the lessor although this can vary from country to country. In some cases the lessee provides these services (or one of its partners).
They can also be considered as a form of charter whereby the lessor provides minimum operating services, including aircraft, crew, maintenance, and insurance (ACMI), 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. When an air carrier provides less than an entire aircraft crew, the wet lease occasionally is also sometimes referred to as a damp lease.<ref name="leasedef" />
A number of specialist independent aircraft re-marketing agencies produce reports on behalf of Lessor's marketing their aircraft availability for wet lease contract.[2]
See also
References
Notes
airline provides air transport services for passengers or freight, generally with a recognized operating certificate or license. Airlines lease or own their aircraft with which to supply these services and may form partnerships or alliances with other airlines for mutual benefit.
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A flight number, when combined with the name of the airline and the date, identifies a particular flight. This should not be confused with the tail number of the aircraft. A particular aircraft may fly several different flights in one day, and different aircraft may be used for the
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aircraft is a vehicle which is able to fly through the air (or through any other atmosphere). All the human activity which surrounds aircraft is called aviation. (Most rocket vehicles are not aircraft because they are not supported by the surrounding air).
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Motto
"Dieu et mon droit" [2] (French)
"God and my right"
Anthem
"God Save the Queen" [3]
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"Dieu et mon droit" [2] (French)
"God and my right"
Anthem
"God Save the Queen" [3]
..... Click the link for more information.
airline provides air transport services for passengers or freight, generally with a recognized operating certificate or license. Airlines lease or own their aircraft with which to supply these services and may form partnerships or alliances with other airlines for mutual benefit.
..... Click the link for more information.
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Aircraft finance refers to financing for the purchase and operation of aircraft. Complex aircraft finance (such as those schemes employed by airlines) shares many characteristics with maritime finance, and to a lesser extent with project finance.
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