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 ?
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.
Since, as per National Aviation Policy an aircraft cannot be wet-leased for more than six months, PIA's agreement with Sri Lankan Airlines for wet lease of one Airbus A330 expired on February 09, 2017 and the aircraft was returned.
We look forward to working with Regional Jet OU, which is a competent and reliable partner and a key contribution to our wet lease strategy" Mikael Wangdahl, Vice President for External Production at SAS, said in a press release.
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.
As part of its acquisition of Cimber A/S, a regional airline in Denmark and a former wholly owned subsidiary of SAS, CityJet will operate Cimber's fleet of 11 CRJ900 aircraft also on wet lease service with SAS.
In line with this strategy, SAS has entered into an agreement with Cityjet on the wet lease of eight new Bombardier CRJ900s.
These planes are being taken on wet lease for a period of three months and would be used in the metro routes.
Jet Asia Airways and EuroAtlantic Airways said they signed a wet lease agreement for a Boeing 767.
The US transportation department, which issued the notice on June 5, specifically approved the removal of a provision that Cebu Pacific only conduct operations in the US through a wet lease agreement.
As this is a wet lease agreement, all crew members on the flights are from Privilege Style and LOT, but in the cabin there's one Finnair purser available," says Ville Iho, Finnair's Chief Operating Officer.
Bulgaria's national flag career Bulgaria Air and Air Blue, of Pakistan, have signed a wet lease for the use of two A 320-200 airplanes, until March 2014, the Bulgarian company announced in a press release.
The wet lease comes even as the two airlines continue their talks on Etihad taking an equity stake in Jet.