Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Wet Vs. Dry Lease  
User currently offlineSOCAL Approach From , joined Dec 1969, posts, RR:
Posted (15 years 1 month 1 day 9 hours ago) and read 4657 times:

Here is a pretty straight forward question: What do "wet" and "dry" leases mean regarding aircraft leases for airlines? Does a "wet" lease involve the owner of the aircraft also providing crews for the leaser? Or does it refer to specific forms of financing?

Thanks

5 replies: All unread, jump to last
 
User currently offlineAirbus Boy From , joined Dec 1969, posts, RR:
Reply 1, posted (15 years 1 month 1 day 9 hours ago) and read 4620 times:

I dry lease is not including fuel a wet lease does.
Then there is an ACMI which is Aircraft Crew Maintenance and Insurance.
Dave


User currently offlineKaitak From Ireland, joined Aug 1999, 12468 posts, RR: 37
Reply 2, posted (15 years 1 month 1 day 9 hours ago) and read 4613 times:

Not sure you're right there, Airbus boy. It wouldn't make any sense to include fuel as part of the wet-lease deal, since the lessor could just as easily pay for that directly.
A wet lease is crew and aircraft. This would be more likely as an ad-hoc operation, i.e. where the leasing airline doesn't have the particular type in its fleet; companies like Air Atlanta (Iceland) do a lot of this with Tristars and 747s. Also, a dry lease might be used if a particular type was being used for, say, the Summer period. World's MD11 leases to Aer Lingus and others would be an example of that.
(Long term wet leases are relatively unusual, mostly being pilots' unions get ever so slightly cheesed off with outsiders flying for the airline!)


User currently offlinePurdue Cadet From , joined Dec 1969, posts, RR:
Reply 3, posted (15 years 1 month 1 day 8 hours ago) and read 4606 times:

Airbus Boy is right about the definition of "wet", but in the wrong situation... In renting GA (general aviation) aircraft, the rental is said to be "wet" if fuel is included in the hourly rental price, as is usually the case. When you rent a plne under such an arrangement, the price of any fuel purchased during the rental period is applied as payment toward the rental, so that, for example, if you did $100 worth of flight time, and purchased $25 worth of gas, you would turn in your gas receipt and pay only $75. The term is, however, used differently when applied to airlines, as Kaitak explained.

User currently offlineDC-10MAN From , joined Dec 1969, posts, RR:
Reply 4, posted (15 years 1 month 22 hours ago) and read 4586 times:

A wet-leased aircraft includes the Airplane, Crew, Maintainance, and Insurance, but is not limited to the terms of an ACMI contract. This is where an hourly rate is charged and the lessee is usually responsible for EVERYTHING else (hence ACMI). There is also an all-up style of contract where one price is paid and the lessor is responsible for EVERYTHING. There are variants of each type, but these are the basics. A dry-leased aircraft is where the customer contracts the aircraft ONLY, no crew, maintainance, nothing, to the extent of having it put in their Ops Specs. I am not in marketing or sales, but this info is what I have gathered from talking with our marketing and sales departments. This applies to FAR121 carriers (maybe 135), I'm not sure about general aviation or aviation schools. I hope this helps.ADIOS

User currently offlineNAL757 From , joined Dec 1969, posts, RR:
Reply 5, posted (15 years 4 weeks 1 day 20 hours ago) and read 4570 times:

If a customer wants to lease a new aircraft, does the leasing company order the aircraft when the lease order comes in, or do they have all these planes sitting on a ramp somewhere?

NAL757


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Wet Lease VS. Dry Lease. posted Sun Sep 21 2003 19:43:30 by QB737
Wet Lease Vs Dry Lease posted Fri Oct 11 2002 22:44:56 by Ripcordd
Wet Vs. Dry Lease posted Sun Aug 22 1999 19:12:57 by SOCAL Approach
Wet Lease/dry Lease/damp Lease posted Sat Apr 9 2005 20:07:06 by Trb10
Wet-Lease? Dry Lease?! Whats The Dif?! posted Sun May 23 2004 13:07:37 by JfkYYZ
Wet Lease Or Dry Lease posted Mon Nov 10 2003 17:29:37 by Moolies
Dry Lease/Wet Lease....What Do They Mean? posted Sun Aug 5 2001 02:29:14 by Flyvs
Need Your Help – Dry Lease (737s/A32s , 767s/A340) posted Thu Apr 6 2006 20:05:17 by Nseljac77
Indian Airlines Dry Lease posted Tue May 17 2005 04:31:22 by Snehnath
AI To Dry Lease B747-400 And A310 Freighters posted Sat Jan 1 2005 12:16:46 by Himmat01