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 ?
Jetairfly to operate ex-AeroMxico Boeing 737-700 for ECAir Jetairfly, based at Brussels National, has won a wet-lease contract from ECAIR - Equatorial Congo Airlines to operate at least one aircraft on ECAir's behalf according to Het Nieuwsblad en Gazet van Antwerpen.
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.
Eritrean simply operates a single B767-200ER E3-Q (MSN 23309) itself but wet-leases an A319-100 and an A320-200 from BH Air - Balkan Holidays Air (8H, Sofia International (SOF)).
When Libya's flag-carriers agreed to a voluntary EU ban in 2012 -- before being formally placed on the blacklist in 2014 -- they began using wet-lease agreements to preserve European connectivity.
But they are also costly, and few wet-lease providers will agree to park their assets in Tripoli overnight.
When Libya's flag-carriers agreed to a voluntary EU ban in 2012--before being formally placed on the blacklist in 2014--they began using wet-lease agreements to preserve European connectivity.
Qantas plans to launch a domestic airfreight subsidiary in October called Express Freighters Australia.The airline said yesterday that the new subsidiary will wet-lease 737-300 converted freighters to Australian air Express, a Qantas/Australia Post joint venture, under a 12-year contract.