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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Summary: Gurugram (Haryana) [India], Apr 18 (ANI): Low-cost airline SpiceJet said on Thursday it will induct six more Boeing 737-800 NG aircraft on dry lease in addition to the 16 B737s and 5 Q400s that will soon join the fleet.
The meeting was informed that the national flag carrier was operating 32 aircraft - eight PIA-owned Boeing 777 and four on dry lease, 11 Airbus 320 on dry lease, four PIA owned ATR 42 and five ATR 72 on dry lease.
Moreover, the state-owned airline is already losing millions every month under the ambit of rent of two grounded ATR aeroplanes which have been procured on dry lease.
To another question, he said currently, PIA leased fleet included 20 aircraft acquired on dry lease basis.
Summary: Airline will dry lease flight simulators at Abu Dhabi training facility
The A320 aircraft already under the evaluation phase would be acquired on dry lease strictly in accordance with PPRA Rules, said a press release issued here on Saturday.
A dry lease is where travellers are informed from the start they will fly with another airline, whose flight number will be used, perhaps when tour firms won't have enough passengers to fill their own larger planes.
(NASDAQ:ATSG) has announced the delivery by its Cargo Aircraft Management subsidiary of a Boeing 767-300 converted freighter to Amerijet International Airlines under an eight-year dry lease, the company said.
PIA is also in the process to acquire Wide Body aircraft on Dry lease rather than having aircraft of the wet lease.
He said that the PIA was also in the process to acquire wide-body aircraft on dry lease rather than having the aircraft on wet lease.
"PIA has not floated any tender for purchase of new aircraft in the recent past however PIA has acquired aircraft on dry lease instead of purchase," Javed Ikhlas added.
Bangladesh's national airliner Biman has decided to induct two Boeing 737-800s from GE Capital Aviation Services (GECAS) to its fleet for 60 months on dry lease. Biman took the move to include the aircraft to tackle any immediate problem in its flight operation after phasing out two decades-old Airbus A310-300s.