All your questions about leasing terms should be answered on the hompage of new airline Celtic Airways
, which will operate L1011s from bases in the UK and Ireland.
For an explanation of lease terms visit;
Topics covered on the site include;
-What is an ACMI lease?
-What are 'Wet' and 'Dry' leases?
-What are backloads/backhauls?
-Why do I have to pay cancellation charges?
-What is demurrange?
-Insurance facts and options
-When is it viable to charter an aircraft?
Hope this will answer all your questions