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Question About Insurance Aircraft  
User currently offlineBig777jet From , joined Dec 1969, posts, RR:
Posted (14 years 4 months 5 days 14 hours ago) and read 1857 times:

If the ABC Airlines lent to the NMO Airlines (wet-lease aircraft) for a while then return to ABC Airlines. If NMO Airlines is using aircraft. The NMO is responsible for paying insurance what if the plane get damaged or crash written off not ABC Airlines' insurance. Who is responsible for insurance for wet lease?


1 replies: All unread, jump to last
User currently offlineCeilidh From , joined Dec 1969, posts, RR:
Reply 1, posted (14 years 4 months 5 days 12 hours ago) and read 1850 times:

On an ACMI (wet) lease, the 'I' stands for Insurance, so you can see that the lessor is responsible for hull insurance. The Lessee is responsible for passenger/bagage and cargo cover, though.

So in your scenario, ABC would be responsible for the insurance.

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