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 ?
Steen was named president and CEO of the company's wholly owned dry-leasing subsidiary, Titan Aviation Holdings.
The six 777s is a fleet represents an important part in Titan's dry-leasing platform through selective investments in aircraft with existing leases to support leading operators in the industry.
AAWW), a leading global provider of outsourced aircraft and aviation operating solutions, confirmed completion of previously announced agreements to acquire three Boeing 777 Freighters for its dry-leasing subsidiary, Titan Aviation.
NASDAQ: AAWW) has confirmed completion of agreements to acquire three Boeing 777 Freighters for its dry-leasing subsidiary, Titan Aviation.
The national carrier had in its August tender invited global technical and financial bids for dry-leasing these planes, with the technical bids to be opened in September.
The ACMI operation provided by ATSG allowed us to test-drive the performance and economics of the aircraft, while their dry-leasing opportunity and 360-degree support services made it easier for us to transition the aircraft into our own operation.