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Question About Insurance Aircraft  
User currently offlineBig777jet From , joined Dec 1969, posts, RR:
Posted (12 years 10 months 5 days 22 hours ago) and read 1164 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?

Big777jet


1 replies: All unread, jump to last
 
User currently offlineCeilidh From , joined Dec 1969, posts, RR:
Reply 1, posted (12 years 10 months 5 days 20 hours ago) and read 1157 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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