dry lease

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dry lease

, wet lease - To rent an aircraft without a crew is a dry lease; a wet lease is to hire an aircraft with a crew.
See also related terms for hire.
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PIA - Pakistan International Airlines has chosen as eligible, bids given in by DAE Capital and Jackson Square Aviation as part of a tender published in December 2017 for the dry-lease of four narrowbody aircraft on 6-year agreements.
According to official sources, the PIA will immediately require eight aircraft, four each on wet-lease and dry-lease basis.
Tender documents seen by ch-aviation show the Indian carrier is looking to dry-lease fourteen A320ceo/neo aircraft with delivery scheduled for between April 1, 2015 and March 31, 2019.
RIO will dry-lease the Boeing 767-281 special freighter from CAM for a 59 month period and will have access to engine maintenance services through CAM's contract with Delta Tech Ops during this time.
Gulf Air took delivery of the first aircraft earlier this year under a three-year dry-lease.
DAE Capital, the aircraft leasing and financial arm of state-owned Dubai Aerospace Enterprises, said on Monday it agreed to dry-lease eight Boeing 737-800s to Garuda Indonesia airline.
RIO will dry-lease the Boeing 767-281 special freighter from CAM for 59 months and have access to engine maintenance services through CAM's contract with Delta Tech Ops.
According to official sources, "PIA will immediately require eight aircraft, four each on wet-lease and dry-lease basis.
He said these aircraft would be acquired on dry-lease in order to employee the PIA's own crew on these airbuses.
Administrative fee revenues increased to reflect the greater administrative fee amount paid under the dry-lease agreements, which became effective on June 1, 2015.
Rusline acquires 737-400 and plans to dry-lease the aircraft out Rusline as acquired an ex-Donavia Boeing 737-400 VQ-BAO (msn 25114) that the Russian regional carrier planned to use for charter services initially.
Since the beginning of 2011, CAM has agreed to dry-lease one additional Boeing 767-200 to a third-party customer, and is negotiating leases or ACMI agreements for others to be deployed later this year.