wet lease

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wet lease

The leasing or hiring of a commercial aircraft from another carrier complete with a flight crew, but not necessarily with a cabin crew. All major servicing is performed by the owner-carrier. The aircraft, however, carries the hirer's logo and insignia for the period of the lease. The antonym for the term is dry lease.
References in periodicals archive ?
Plan ($ in Millions) 2004 2004 Increase/(Decrease)Percent Change OPERATING REVENUES Scheduled Service 640 - 640 594 46 - 46 8%- 8% Charter Service 69 - 69 68 1 - 1 1%- 1% ACMI Lease Contracts 377 - 377 310 67 - 67 22%- 22% AMC Charter 283 - 283 152 131 - 131 86%- 86% Other Revenue 46 - 46 32 14 - 14 44%- 44% Total Operating Revenue 1,414 - 1,414 1,156 258 - 258 22%- 22% OPERATING EXPENSES Maintenance, Materials and Repairs 233 - 231 210 23 - 21 11%- 10% Aircraft Fuel 353 - 349 245 108 - 104 44%- 42% Aircraft Rent 143 - 142 141 2 - 1 1%- 1% Depreciation 53 - 53 37 16 - 16 43%- 43% Pre-Petition Reorganization Costs 14 - 9 - 14 - 9 NM - NM Other Op.
AAWW's fleet of 43 Boeing 747 freighter aircraft operates throughout the world, providing air cargo and related services through four principal business segments: ACMI Lease Contracts, Scheduled Service, AMC (military) Charters, and Commercial Charters.
AAWW's current fleet of 42 Boeing 747 freighter aircraft operates throughout the world, providing air cargo and related services through four principal business segments: ACMI Lease Contracts, Scheduled Service, AMC (military) Charters, and Commercial Charters.
Worldwide Aviation Group currently provides for long term ACMI leases in Africa and the Middle East, of rotary and fixed wing aircraft.
This will start with an ACMI lease using our strategic partner Denim Air, and then build up until the airline is mature," he says.
We are a premium operator, and our aircraft are available for ad-hoc charter, ACMI lease and AOG coverage," said Mr.
The agreement marks Atlas Air's first 747 ACMI lease with Cathay, who joins the 12 other airlines currently operating Atlas 747 freighters.
NYSE:CGO) today announced that it has entered into an agreement with China Airlines of Taiwan for the ACMI lease of two Atlas Boeing 747-400 freighter aircraft.
With this ACMI lease and Dragonair's strong ties to mainland China due to the ownership interest held in the airline by the China National Aviation Company Ltd.
We have reached an agreement in principle with Xtra Airways of Boise, Idaho, for the provision of multiple 737-400 aircraft (and crews) on an ACMI lease program,'' the Air Florida website said, under the title of "press information.
Our companies have been operating successfully for nearly a decade in the field of transportation of heavy loads and ACMI lease.
All aircraft operate under ACMI leases and in the company's scheduled service operations.