dry lease


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dry lease

The lease of an aircraft without a flight or cabin crew, fuel, or other supporting services.
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Five aircrafts have been taken on dry lease from Ottawa leasing Limited company of Bermuda island which are not included in the air fleet of PIA.
According to the report, acquisition of 18 new aircraft was approved by the company and the Ministry of Civil Aviation in December, 2005 to replace the aircraft on dry lease.
The Bosnian national carrier is looking at a possible wet or dry lease of a jet engine aircraft.
The new device will be available to airlines for wet and dry lease from March this year.
Officials of the SriLankan Airlines say that the aircraft is acquired through a dry lease agreement.
Kenya Airways, Embraer Kenya Airways has confirmed that they have entered into an additional dry lease arrangement with an American leasing firm to provide two Embraer 190 jets, due to arrive later in the year in Nairobi.
Shaikh Ahmed was present to respond to a question by Dr Al Shaikh on the nature of the dry lease (contracts where airlines lease planes without staff).
A dry lease is one without insurance, crew or maintenance.
He said the increment of the capital will raise the creditworthiness of the company by 100 per cent to assist with the financing of the newly-announced purchase of six Airbus A320s, in addition to the agreement signed last week to dry lease two A319 Airbuses from the world's leading aircraft leasing company.
In a dry lease, a plane or planes is provided without any crew, including a pilot or co-pilot.
FlyMe and Astraeus have instead signed a dry lease agreement, under which FlyMe will take over two Boeing 737-300 from Astraeus.
Earlier, the carrier had also decided to induct nine wide-bodied aircraft on dry lease in order to expand international operations and the A330-200 and 767-300 have been shortlisted.