PiedmontINT
Topic Author
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Joined: Sun Jul 10, 2005 8:12 am

What Exactly Does "Wet-Lease" Mean?

Thu Oct 18, 2007 4:49 pm

I've seen on the site multiple times where someone talks about airline XYZ wet-leases 3 A320's for example. What makes a wet-lease special and what other types of leasing options do airlines use? I tried searching for it but I'm getting the server busy message..
 
OHLHD
Posts: 2903
Joined: Fri Dec 03, 2004 6:02 am

RE: What Exactly Does "Wet-Lease" Mean?

Thu Oct 18, 2007 4:53 pm

Basically it means that one company/airline leases one aircraft with Cockpit and Cabin Crew from another one. It alos includes insurance etc etc.

Other like Dry-lease is without the Crew. This is just basic but sums it up.  


Edit: As i thought there were topics concerning this:
What does the term wet lease mean? (by Ted747 Jan 22 2004 in Civil Aviation)

[Edited 2007-10-18 09:54:13]
 
FoxBravo
Posts: 2769
Joined: Fri Nov 21, 2003 1:34 pm

RE: What Exactly Does "Wet-Lease" Mean?

Thu Oct 18, 2007 4:53 pm

I think this describes it pretty well: http://en.wikipedia.org/wiki/Wet_lease
Common sense is not so common. -Voltaire
 
cf105arrow
Posts: 144
Joined: Tue Oct 16, 2007 7:47 pm

RE: What Exactly Does "Wet-Lease" Mean?

Thu Oct 18, 2007 5:07 pm

A wet lease is when an aircraft is leased with its crew, insurance, maintenance. The Lessee covers cost of fuel, airport fees along with applicable tax and duties and pays the lessor for the numbers of hours agreed. Contracts are generally for a few months mostly not more than 24.

Other type of leasing includes dry leasing (plane without crew) and ad-hoc (wet lease for a very short period of time, usually lasting less than 2 months).
 
hmmmm...
Posts: 1959
Joined: Tue May 18, 1999 8:32 am

RE: What Exactly Does "Wet-Lease" Mean?

Thu Oct 18, 2007 5:15 pm

Something doesn't make sense. If a wet lease, according to the article is defined as "a leasing arrangement whereby one airline (lessor) provides an aircraft, complete crew, maintenance, and insurance, to another airline (lessee), who pays by hours operated." but NO fuel,

why then does wiki say this:

"Damp lease" is a vernacular term once used in the UK meaning a wet lease with no fuel

Haven't they implied therefore by the wording definition of Damp lease that a Wet lease includes fuel?
An optimist robs himself of the joy of being pleasantly surprised
 
1MillionFlyer
Posts: 1937
Joined: Wed Sep 08, 2004 8:55 am

RE: What Exactly Does "Wet-Lease" Mean?

Thu Oct 18, 2007 6:53 pm

Quoting Hmmmm... (Reply 4):
why then does wiki say this:

because Wiki is not very reliable.

All the posts about Wet Lease are right on here.
Golf Foxtrot you are cleared for departure
 
FoxBravo
Posts: 2769
Joined: Fri Nov 21, 2003 1:34 pm

RE: What Exactly Does "Wet-Lease" Mean?

Thu Oct 18, 2007 7:35 pm

Quoting Hmmmm... (Reply 4):

why then does wiki say this

I believe what Wiki is trying to say (albeit not very clearly) is that at one time in the UK a wet lease included fuel (which makes sense if you think about the term literally), and a "damp lease" was a wet lease without fuel. In the past, "damp lease" also referred to a wet lease without cabin crew, who would be supplied by the lessee.

However, these days the term "damp lease" is not used very often, and "wet lease" can refer to arrangements either with or without cabin crew.
Common sense is not so common. -Voltaire
 
robsawatsky
Posts: 477
Joined: Thu Dec 18, 2003 7:07 am

RE: What Exactly Does "Wet-Lease" Mean?

Thu Oct 18, 2007 7:39 pm

If you want to see the legal definition in Canada, the Canadian Transportation Agency "wetlease" decisions always contain these wordings:

"... approval to permit to provide its scheduled international service between and Canada using aircraft and flight crew provided by ., from to

1. shall continue to hold the required licence authority.

2. Commercial control of the flights shall be maintained by . shall maintain operational control of the flights and shall receive payment based on the rental of aircraft and crew and not on the basis of the volume of traffic carried or other revenue-sharing formula.

3. The air service approved herein shall only be provided as long as an agreement between and providing for such services remains in effect."

Not indicated above, but under a wetlease, Airline B (the operating airline) has to hold all the operational certificates for the aircraft and crew, whereas, under a drylease, Airline A would generally have that responsibility.

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