PiedmontINT From United States of America, joined Jul 2005, 376 posts, RR: 0 Posted (7 years 12 months 2 days 6 hours ago) and read 4925 times:
I've seen on the site multiple times where someone talks about airline XYZ wet-leases 3 A320's for example. What makes a wet-lease special and what other types of leasing options do airlines use? I tried searching for it but I'm getting the server busy message..
CF105Arrow From Canada, joined Oct 2007, 330 posts, RR: 0
Reply 3, posted (7 years 12 months 2 days 6 hours ago) and read 4863 times:
A wet lease is when an aircraft is leased with its crew, insurance, maintenance. The Lessee covers cost of fuel, airport fees along with applicable tax and duties and pays the lessor for the numbers of hours agreed. Contracts are generally for a few months mostly not more than 24.
Other type of leasing includes dry leasing (plane without crew) and ad-hoc (wet lease for a very short period of time, usually lasting less than 2 months).
Hmmmm... From Canada, joined May 1999, 2114 posts, RR: 5
Reply 4, posted (7 years 12 months 2 days 6 hours ago) and read 4836 times:
Something doesn't make sense. If a wet lease, according to the article is defined as "a leasing arrangement whereby one airline (lessor) provides an aircraft, complete crew, maintenance, and insurance, to another airline (lessee), who pays by hours operated." but NO fuel,
why then does wiki say this:
"Damp lease" is a vernacular term once used in the UK meaning a wet lease with no fuel
Haven't they implied therefore by the wording definition of Damp lease that a Wet lease includes fuel?
An optimist robs himself of the joy of being pleasantly surprised
I believe what Wiki is trying to say (albeit not very clearly) is that at one time in the UK a wet lease included fuel (which makes sense if you think about the term literally), and a "damp lease" was a wet lease without fuel. In the past, "damp lease" also referred to a wet lease without cabin crew, who would be supplied by the lessee.
However, these days the term "damp lease" is not used very often, and "wet lease" can refer to arrangements either with or without cabin crew.
Robsawatsky From Canada, joined Dec 2003, 597 posts, RR: 0
Reply 7, posted (7 years 12 months 2 days 3 hours ago) and read 4599 times:
If you want to see the legal definition in Canada, the Canadian Transportation Agency "wetlease" decisions always contain these wordings:
"... approval to permit to provide its scheduled international service between and Canada using aircraft and flight crew provided by ., from to
1. shall continue to hold the required licence authority.
2. Commercial control of the flights shall be maintained by . shall maintain operational control of the flights and shall receive payment based on the rental of aircraft and crew and not on the basis of the volume of traffic carried or other revenue-sharing formula.
3. The air service approved herein shall only be provided as long as an agreement between and providing for such services remains in effect."
Not indicated above, but under a wetlease, Airline B (the operating airline) has to hold all the operational certificates for the aircraft and crew, whereas, under a drylease, Airline A would generally have that responsibility.