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 ?
According to the RFP, the wet-lease contract is for 12 months with a guaranteed minimum of 200 block hours, which is subject to change.
The wet-lease contract with airberlin fosters the growth of our Eurowings Group.
The four aircraft being acquired on wet-lease basis, may have capacity of 250 plus passengers, including 24 business class seats.
But they are also costly, and few wet-lease providers will agree to park their assets in Tripoli overnight.
Onur Air operating A321-200s on behalf of Saudia Onur Air, based at Istanbul Atatrk, has flown three of its seven Airbus A321-200s TC-OBR (msn 1008), TC-OBV (msn 806) and TC-OBY (msn 810) to Jeddah on December 23 from where it will operate the aircraft on a wet-lease basis on behalf of partner Saudia.
Kevin Knight, chief strategy and planning officer at Etihad Airways, said: "This agreement to wet-lease an Air France A340-300 aircraft demonstrates the mutual benefits generated by our close relationship with Air France-KLM.
The aircraft will be operated by Atlas Air's 49% subsidiary Global Supply Systems (GSS) for British Airways World Cargo through a five-year wet-lease agreement.
One already is flying on wet-lease with Solomon Airlines and the second is expected to be available this month for ACMI and charter flights.
Gulf Air agreed in February to take the aircraft on a wet-lease basis for six months, which includes the provision of pilots.
KATHMANDU, March 26 Kyodo Pilots at Royal Nepal Airlines called off an 11-day strike Thursday after airline management scrapped an agreement to wet-lease a Boeing 757 aircraft from China Southwest Airlines, the airline said.
The transaction also strengthens our ACMI aircraft wet-lease business through the long-term placement of committed aircraft, with the opportunity for strategic expansion.
Elinnair currently runs one A320-200, EK32002 (msn 726), on wet-lease from Atlantis European Airways (TD, Yerevan).