Leasing an aircraft is an alternative to purchasing an aircraft..
A Wet Lease is a leasing arrangement whereby the Aircraft owner (the lessor) may provide an aircraft, complete crew, maintenance, and insurance (ACMI) to a Company or Airline (the lessee), which pays by hours operated.
- A Wet Lease does not involve transferring possession of the aircraft. A mutually agreed number of hours is fixed for the month, and the lessee pays for Airport fees, taxes, ferry to base and crew accommodation etc., if the services are required outside the Aircraft’s home base.
- The Aircraft owning Company or the lessor maintains operational control of the aircraft under a wet lease. They take full responsibility for the Air operations, maintenance and flying requirements.
- A wet lease generally lasts 1–24 months; a shorter duration would be an Ad Hoc Charter.
- We can provide Turbo Prop Wet Lease ACMI ; these are particularly useful aircraft capable of operating on short take off runways and rough terrain.
- Single Engine Helicopters also provide an ideal solution for on shore day operations. The advantage of single engine helicopters is that running costs are far lower than twin engine machines.
A dry lease is a transfer of an aircraft without transfer of title. The owner provides the Aircraft only and no crew. The owner of the aircraft, or lessor, retains legal title to the aircraft, but transfers possession of the aircraft to the lessee.