Guest

Aircraft Lease

Tue Nov 13, 2001 4:27 am

Can anyone tell me what is the difference between dry and wet lease please?
 
BlatantEcho
Posts: 1815
Joined: Wed Sep 27, 2000 10:11 am

RE: Aircraft Lease

Tue Nov 13, 2001 5:22 am

I should probably wait for someone more expirienced to answer, but I am anxious to give it a whirl, please correct me if I am wrong

From what I have understood @ a.net

Wet Lease: Borrowing the airplane, with a crew, mx and fuel costs somehow built into a monthly or flat rate paid over time

Dry Lease: Borrowing a plane with nothing else included except the bird.

Sorry if I jumped the gun, I got excited about answering a slightly technical question other than what Dc-10s have the centre gear.....

Of course correct me if I am way off,
BlatantEcho
They're not handing trophies out today
 
Guest

RE: Aircraft Lease

Tue Nov 13, 2001 7:18 am

Thank you very much BlatantEcho for your answer! I understand a lot more now
 
Metwrench
Posts: 715
Joined: Fri Aug 17, 2001 11:25 am

RE: Aircraft Lease

Tue Nov 13, 2001 12:18 pm

Can I expand a little?

Dry Lease - Long term, Minimum 2 years. Works well for Operators entering a new market not willing to make a financial commitment on new equipment. Also works for small Operators without enough capital to purchase equipment outright.

Wet Lease - Short term, a week to a few months. Somebody is in a bind and needs an airplane fast. The Leaser is basically a charter company.

Damp Lease - Also short term. Aircraft remains on Leaser’s Op's Specs. and Maintenance Program. Lessee partially crews aircraft. Lessee has Maintenance staff that is trained by Leaser and uses their MX Program and forms and provides all labor free. The Leaser has to provide parts and forecasting.

The Lessee is probably a small company with a small fleet that has one of their A/C down for long term MX. At best they might break even but they don't lose "face" to their customers by canceling flights.

Met
 
jwenting
Posts: 9973
Joined: Mon Apr 23, 2001 10:12 pm

RE: Aircraft Lease

Tue Nov 13, 2001 10:09 pm

You forgot a reason to enter into a wetlease (which is an important one somtimes):
Airline needs an aircraft to operate a scheduled service but either delivery is delayed by the manufacturer or previous owner or the scheduled aircraft is down for major unscheduled maintenance.
I wish I were flying
 
Guest

RE: Aircraft Lease

Wed Nov 14, 2001 1:12 am

Thank you very much all for going into such detail explanation, your help is really appreciated.

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