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.
An Illustrated Dictionary of Aviation Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved
References in periodicals archive ?
As a wet lease specialist, Hi Fly provides aircraft on lease for short notice airline operations, with crew, maintenance and third-party insurance provided in a service-ready package.
ISLAMABAD -- The federal government in its National Aviation Policy 2019 has withdrawn custom and import taxes on damp, dry and wet leases of aircraft, their engines and other parts in an attempt to spur growth in the domestic aviation industry.
This can cause confusion but where a flight is labelled "operated on behalf of..." it is a wet lease.
SmartLynx Airlines specializes in wet lease services of its A320-200 fleet and provides full charter operation for its home markets of Latvia and Estonia, predominantly in the leisure market.
The 19 aircraft taken on dry wet lease include 12 Boeing 737 while 4 airbus series 320-A while 3 aircraft airbus series 330-A.
The confirmation of these orders - bringing us to 22 new CRJ900 aircraft in our fleet - further demonstrates CityJet's belief in this aircraft as a key part of our wet lease growth strategy," said Pat Byrne, Executive Chairman, CityJet.
Wet lease contracts involve the use of an airline's aircraft by a second airline which also covers the cost of the crew, maintenance and insurance and is also known by its acronym ACMI.
PIA's premier service aircraft A-330, being obtained on wet lease, would fly six times a week to London's Heathrow airport including three flights from Islamabad and three from Lahore.
In a briefing, the Prime Minister was told that planes for the Premier Service were acquired from Sri Lanka on wet lease. The crew and staff of the Service also got training from Sri Lankan experts.
To adapt the size of the production to traffic flows SAS utilises hired capacity, known as a wet lease, with smaller regional jet and turboprop aircraft.
The second Airbus A319 on wet lease has arrived, SpiceJet's chief operating officer Sanjiv Kapoor tweeted.