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 ?
(Nasdaq: AAWW) has announced it has commended the US government for its efforts to persuade the European Union to allow US air carriers to provide wet-lease, or ACMI (aircraft, crew, maintenance and insurance), services to European carriers, the company said.
Almost all countries use the restrictive wet-lease option.
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.
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." Knight added: "On the back of recent announcements, this latest cooperation deal is good for both carriers in terms of better optimising our fleets for the rest of 2013.
Wet-lease deals are being considered as contingency measures to allow the company to mount flights to the United States in case the country fails to regain its category 1 status with the US Federal Aviation Administration (FAA).
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.
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.
easyJet (U2, London Luton) will wet-lease an E190LR from Germany's WDL Aviation (WH, Cologne/Bonn) starting on August 1, 2019.
Onur Air also provides wet-lease service to Saudi Arabian Airways for Hajj and Umrah operations with its A330s.