wet lease

(redirected from Damp 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 ?
He said that the airline has acquired 04 aircraft on damp lease while induction of 03 A320 aircraft with confirmed deliveries will start from July 2014.
Gardezi said that two more modern and fuel efficient 737-800 aircraft acquired on damp lease have arrived today making a total of 4 Boeing 737-800 aircraft which are being utilized now to meet capacity requirements.