wet lease

(redirected from ACMI 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 ?
Our companies have been operating successfully for nearly a decade in the field of transportation of heavy loads and ACMI lease.
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.
Total operating revenues are expected to rise approximately 16% versus the same quarter last year, reflecting increases in ACMI lease revenue (+32%), AMC charter revenue (+67%), and Commercial charter revenue (+178%), offset, in part, by lower revenues (-17%) in the Scheduled Service business.
Each of AAWW's four main operating segments, ACMI Lease Contracts, Scheduled Service, Military (AMC) Charters, and Commercial Charters, is expected to achieve better than planned operating revenues in 2004.
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.
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.
The agreement marks Atlas Air's first 747 ACMI lease with Cathay, who joins the 12 other airlines currently operating Atlas 747 freighters.
LAN's strategy in the cargo business seeks to rationalize its capacity expansion by focusing on the most profitable routes, as well as optimizing its fleet by replacing less efficient ACMI leases with its own Boeing 767 freighters.
Although both options have their pros and cons, Atlas Air's Bill Flynn says ACMI leases have one clear advantage over their counterpart: maintenance efficiency.
In line with the decrease in demand, capacity fell 7 percent, mainly through the reduction of ACMI leases.
Additionally, the Company is reducing its ACMI leases of dedicated freighters and increasing the usage of its own fleet of Boeing 767 freighters, leveraging their low operating costs and their ability to adequately serve key destinations.
The Company increased capacity efficiently by replacing aircraft operating under ACMI leases for its new Boeing 767-300F freighters.