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 ?
The aircraft will be operated on a damp lease basis with Astraeus providing flight crew.
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.
PIA recently inducted two Boeing 737-800 on damp lease while two more 737-800 will join PIA fleet in a couple of weeks time.