wet lease

(redirected from ACMI lease)
Also found in: Encyclopedia.
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.
Mentioned in ?
References in periodicals archive ?
Each of AAWW's four main operating segments, ACMI Lease Contracts, Scheduled Service, Military (AMC) Charters, and Commercial Charters, is expected to achieve better than planned operating revenues in 2004.
The ACMI lease consists of supplying an aircraft inclusive of crews, maintenance and insurance.
Each of AAWW's four main operating segments contributed to the topline outperformance: ACMI Lease Contracts (+$43 million), Scheduled Service (+$21 million), Military (AMC) Charters (+$61 million), and Commercial Charters (+$21 million).
Total operating revenues are expected to rise approximately 16% versus the same quarter last year, reflecting increases in ACMI lease revenue (+32%), AMC charter revenue (+67%), and Commercial charter revenue (+178%), offset, in part, by lower revenues (-17%) in the Scheduled Service business.
Atlas' fleet of 33 747-200s and 400s are outsourced through ACMI lease by many of the largest air cargo operators in the world and will no doubt be a major beneficiary in the globalization of industrial markets brought on by the developments in Internet commerce.
Total operating revenues increased approximately 17% versus the same quarter last year, reflecting a nearly 32% increase in ACMI lease revenue, a 67% increase in AMC charter revenue, and a 177% increase in Commercial charter revenue, offset in part by a 16% reduction in the Scheduled Service business.
Total operating revenues increased approximately 17% versus the same quarter last year, reflecting a more than 44% increase in ACMI lease revenue, a nearly 34% increase in AMC charter revenue, and a roughly 89% increase in Commercial charter revenue, offset in part by a 9% reduction in Scheduled Service revenue.
Total operating revenues increased approximately 16% versus the same quarter last year, reflecting a 30% increase in ACMI lease revenue, a 49% increase in AMC charter revenue, and a 104% increase in Commercial charter revenue, offset in part by a 14% reduction in Scheduled Service revenue.
Skyways Aviation arranged the long-term ACMI lease of an F100 from Romania's Carpatair to PGA Portugalia.
Skyways Aviation, working on behalf of Sky Wings Airlines of Greece, placed an McDonnell Douglas MD-82 on ACMI lease with Air Moldova.
It has been determined that both companies will remain independent corporations, in order to maximize the competitive advantages in the industry of both corporations - Monarch in the private jet industry and Worldwide Aviation in the long term ACMI lease.
The acquisition by Maximus Air of three Airbus A300-600RP2F aircraft at the start of the year, which have subsequently been converted into freighters by EADS, was designed to boost the company's dual business model of cargo charter and ACMI lease solutions.