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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References in periodicals archive ?
NASDAQ:ATSG) has announced the signing of a new lease agreement with Air Incheon for one Boeing 767-300 converted freighter and an option for a second, both for 2018 delivery, along with the expansion of its dry-leased 767-300 freighter fleet with three deliveries in November, the company said.
This arrangement is intended to cover the transitional period until the delivery of the four A321 aircraft now dry-leased from BOC Aviation for the longer term.
Having obtained its approval-in-principle to launch operations from the Tunisian Ministry of Transport late last year, Amara said the carrier would now source a pair of dry-leased A320-200s, and not B737NGs, for use on its planned charter operations.
The aircraft, dry-leased from a South African Company partnering with Chanchangi Airlines has improved the airline s fleet.
Feel Air, a new Scandinavian LCC, will begin operations with Stockholm Arlanda-New York JFK and Oslo Gardermoen-Bangkok service in spring 2010 aboard dry-leased A330-200s, it announced yesterday.