ptica2000
Posts: 137
Joined: Mon Nov 06, 2000 1:48 am

What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 3:38 am

Can somebody explain me the difference between lease and wet-lease. I often spot those two expressions in air magazines but I don't know what is the difference.

Nejc
 
sk945
Posts: 424
Joined: Thu May 09, 2002 6:28 am

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 3:57 am

Short version:
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.
 
Established02
Posts: 528
Joined: Mon Jan 14, 2002 4:30 am

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 3:57 am

Hallo Nejc,

> Can somebody explain me the difference between lease and wet-lease.

I'm not a pro, but I'll give it a try.  Big grin

Wet-lease: the leasing of an airplane including the pilots (possibly with cabin crew?)

Dry-lease: the leasing of an airplane only (no pilots and no cabin crew)


I guess there may be much more to tell about the various forms of leasing.


Regards,

Established02
 
B747-437B
Posts: 8777
Joined: Thu May 30, 2002 6:54 am

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 4:26 am

Wet lease comes with a coupon for free hand wash on return. Big grin
"The A340-300 may boast a long range, but the A340 is underpowered" -- Robert Milton, CEO - Air Canada
 
Thomas_Jaeger
Posts: 2217
Joined: Fri Apr 26, 2002 5:35 pm

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 4:30 am

wet-lease is also called ACMI lease. ACMI means "Aircraft, Crew (cockpit creww only or cockpit and cabin crew), Maintenance, Insurance".
Swiss aviation news junkie living all over the place
 
NZ767
Posts: 1553
Joined: Sun Nov 18, 2001 9:17 am

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 5:22 am

Not necessarily Thomas.
An airline can wet-lease an aircraft and perform it's own maintenance on that aircraft as well as have it covered by it's own insurance.
 
richardw
Posts: 3142
Joined: Tue May 08, 2001 3:17 am

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 5:52 am

Completely wrong. Its whether or not the proposed flight is over Land or Sea.
 
brons2
Posts: 2462
Joined: Tue Sep 25, 2001 1:02 pm

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 5:59 am

wet leases include fuel and beverage service  Big grin
Firings, if well done, are good for employee morale.
 
9V-SVA
Posts: 1747
Joined: Wed Aug 29, 2001 3:54 pm

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 9:31 am

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.

9V-SVA
9V-SVA | B772ER
 
NZ767
Posts: 1553
Joined: Sun Nov 18, 2001 9:17 am

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 10:58 am

An example of a wet-lease that is NOT ACMI:

In the past, Air New Zealand and Freedom Air have leased Britannia B767s and 757s.
Aircraft operated by Britannia crew, BUT maintained by Air New Zealand.  Insane
 
ptica2000
Posts: 137
Joined: Mon Nov 06, 2000 1:48 am

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 9:36 pm

Ok, thank you all. Now I understand the difference.

Regards,
Nejc
 
GARUDAROD
Posts: 1139
Joined: Wed Apr 19, 2000 4:39 am

RE: What Is The Difference Between Lease And Wet-Lease

Fri Sep 06, 2002 11:11 pm



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.
Cargo doesn't whine, moan, or complain
 
Guest

RE: What Is The Difference Between Lease And Wet-Lease

Sat Sep 07, 2002 12:20 am

A damp lease would be the scenario described by Nz767.
 
Ex_SQer
Posts: 1351
Joined: Wed Apr 24, 2002 5:43 am

RE: What Is The Difference Between Lease And Wet-Lease

Sat Sep 07, 2002 5:08 am

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.

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