Aircraft Lease
Aircraft leases are a number of types of leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons; to operate aircraft without the financial burden of buying them, and to provide temporary increase in capacity. The industry has two main leasing types, wet leasing which is normally used for short term leasing and dry leasing which is more normal for the longer term leases. The industry also uses combinations of wet and dry when for example the aircraft is wet-leased to establish new services then as the airlines flight or cabin crews become trained they can be switched to a dry lease.
Famous quotes containing the word lease:
“Shall I compare thee to a summers day?
Thou art more lovely and more temperate.
Rough winds do shake the darling buds of May,
And summers lease hath all too short a date.”
—William Shakespeare (15641616)