Sk945 From Sweden, joined May 2002, 432 posts, RR: 0
Reply 1, posted (13 years 2 months 3 weeks 3 days 18 hours ago) and read 20933 times:
Lease: The airline use the plane in same way as if its were there own. Own staff etc. The owner would be the leasingcompany. The best way to use if you can't put up with the cash.
Wetlease: You hire a plane with crew from a other airline, but its used in in own airlines network. Often used when the own capacity aint enough.
I guess someone else could give you a more complete answere to this one.
9V-SVA From Singapore, joined Aug 2001, 1861 posts, RR: 7
Reply 8, posted (13 years 2 months 3 weeks 3 days 12 hours ago) and read 20721 times:
Dry Lease: The airline leases an aircraft ONLY for a longer period of time than wet-leasing, perhaps for about 2-3 years. The airline uses its own crew, its own maintainance and its own insurance.
Wet Lease: The airline leases an aircraft and its crew for a few months or days, with the lessor providing crew, maintainance and insurance. An example is the Haj flights operated by Garuda Indonesia. You can see Garuda 767s, A340s, 747-300s and many others during the Haj months, all in hybrid livery.
GARUDAROD From United States of America, joined Apr 2000, 1554 posts, RR: 1
Reply 11, posted (13 years 2 months 3 weeks 2 days 22 hours ago) and read 20500 times:
ACMI leases usually apply to a charter for a particular aircraft. Either
for a one flight or a series of short term flights.
I have a question,
What is the difference between a wet lease and a "damp" lease?
I have seen that term a few times as well.
Ex_SQer From United States of America, joined Apr 2002, 1436 posts, RR: 5
Reply 13, posted (13 years 2 months 3 weeks 2 days 17 hours ago) and read 20467 times:
By the way, with the large lessors (ILFC, GECAS, etc) there is also "operating lease", "finance lease" and "managed lease"...
Operating lease = the airline leases the aircraft for a fixed time, and then returns the aircraft or extends the lease. Airline typically takes care of "ACMI".
Finance lease = the airline leases the aircraft and typically pays higher leasing charge for it, but the aircraft will belong to them at the end of the lease. Similar to hire purchase. Again, airline typically takes care of ACMI.
Managed lease = the lessor takes care of maintenance and sometimes insurance as well. In such a scenario, the airline is usually unable or unwilling to undertake these functions by itself.