Kevin777 From Denmark, joined Sep 2006, 1173 posts, RR: 1
Reply 1, posted (8 years 11 months 4 weeks 1 day 12 hours ago) and read 4687 times:
Basically, there are three types of leases:
1) Dry Lease: a/c is leased - nothing else
2) Damp lease: a/c leased with pilots, but no cabin crew
3) Wet-lease: a/c leased with pilots and cabin crew
These are just the three basic, "generic" leasing forms, but there can be many variations and hybrids; for instance a damp/wet-lease where part of the cabin crew is supplied by the lessor, part by the lessee.
For obvious reasons, the longer the leasing period, the more you go towards a dry lease - a football team that charters an a/c for a match is essentially a wet-lease; financial leases (from i.e. ILFC) are (as far as I know) always dry leases.
"I was waiting for you at DFW, but you must have been in LUV" CPH-HAM-CPH CR9
Lokey123 From Barbados, joined May 2006, 138 posts, RR: 0
Reply 2, posted (8 years 11 months 4 weeks 1 day 12 hours ago) and read 4665 times:
there are a few types of leases:
1.) Operating lease-lessee operates equipment but does not take title
2.) Capital/Finance Lease-Synonymus to installment payments (asset transfer)
3.) Leverage Lease- Third party Debt and Equity portion of the lease payment
4.) Single Investor Lease- same as Finance lease
5.) Sale Leaseback - Owner sells to lessor who in turn leases it back to previousowner.
6. Wet Lease (ACMI) - aircraft, crew, maintenance and insurance included in the lease.
7.)Synthetic Lease - Lessee retains tax advantage of asset (accelerated depreciation) but not carried on balance sheet.
Within each of these lease types are varying structures, usually for tax purposes, for example there is the french lease, irish lease structure, Islamic lease, and so forth and so on.