Guest

Dry Lease/Wet Lease....What Do They Mean?

Sun Aug 05, 2001 9:29 am

We often hear about airlines dry leasing, wet leasing etc aircraft. What do they mean.

What other kinds of leasing arrangments are there?

Thanks.
 
advancedkid
Posts: 740
Joined: Wed Jun 14, 2000 1:27 pm

RE: Dry Lease/Wet Lease....What Do They Mean?

Sun Aug 05, 2001 1:01 pm

Hi there,
Generally speaking, a dry lease means
just the physical airplane without crew,
maintenance or even fuel. A wet lease
would generally include all the above.
"Other" lease terms are just variations
of the above mentioned elements.
Another variable is the time, i.e. long/short
term leases.
I hope that helped.
Kindest regards
Advancedkid
 
B747-437B
Posts: 8777
Joined: Thu May 30, 2002 6:54 am

RE: Dry Lease/Wet Lease....What Do They Mean?

Sun Aug 05, 2001 1:26 pm

wet lease includes the price of hosing down the plane at the end of the lease period.
"The A340-300 may boast a long range, but the A340 is underpowered" -- Robert Milton, CEO - Air Canada
 
srbmod
Posts: 15446
Joined: Tue Mar 20, 2001 1:32 pm

RE: Dry Lease/Wet Lease....What Do They Mean?

Sun Aug 05, 2001 6:53 pm

A dry lease is the most common type of lease, an example being when XYZ Airlines leases an aircraft from a leasing company or another airline. It involves the use of only the aircraft. A wet lease involves using not only another party's aircraft, but also their crews (be it flight or cabin crews) and usually the fuel, insurance and mx costs are included in the full cost for the wet lease. The wet lease is commonly used to suppliment service during busy seasons in one's particular region, or to used to maintain service levels on routes due to unforseen events (crew shortages, training issues, replacement a/c deliveries late or deferred). Many airlines' cargo flights are not even flown by the airline themselves or even their a/c. Atlas Air is one of the big wet-lease operators when it comes to cargo. They fly cargo flights for British Airways, Alitalia, Qantas, China Airlines, and many others. One of the big names in wet-leasing for passenger flights is Air Atlanta Icelandic, whose plain white airplanes are commonly seen plying routes for many European airlines. World Airways is also another well-known name in wet-leasing. Some of their a/c are wet-leased by the same airlines so much that the aircraft retains the paint scheme of the airlines that wet-lease them.


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Guest

RE: Dry Lease/Wet Lease....What Do They Mean?

Sun Aug 05, 2001 7:20 pm

For a full explanation of lease terms and what is/is not included, look at the following:

http://www.celticairways.com/lease02.html

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