Aircraft leases are 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 longer-term leases. The industry also uses combinations of wet and dry. For example, when the aircraft is wet-leased to establish new services, then as the airline's flight or cabin crews become trained, they can be switched to a dry lease.
A wet lease is a leasing arrangement whereby one airline (the lessor) provides an aircraft, complete crew, maintenance, and insurance (ACMI) to another airline or other type of business acting as a broker of air travel (the lessee), which pays by hours operated. The lessee provides fuel and covers airport fees, and any other duties, taxes, etc. The flight uses the flight number of the lessee. A wet lease generally lasts 1–24 months; a shorter duration would be considered an ad hoc charter. A wet lease is typically utilized during peak traffic seasons or annual heavy maintenance checks, or to initiate new routes. A wet-leased aircraft may be used to fly services into countries where the lessee is banned from operating.
In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs. To learn more about the aircraft leasing and aircraft ...
... a major hurdle as the struggling airline seeks to regain its footing.The debt-laden airline is embroiled in numerous legal disputes with creditors and aircraft leasing companies over pending payments.
Before the pandemic it was also operating a 777, under lease from Boeing, but it was returned in 2021, and has since become Boeing’s ecoDemonstrator, an aircraft showcasing new sustainable aviation technologies.
ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.
... leasing companies that have petitioned the NCLT for the recovery of outstanding payments from SpiceJet. The list includes Willis Lease Finance Corp, Wilmington, Aircastle, and Alterna Aircraft BV Ltd.
The air freight and plane leasing ... "We now view Cargojet as much more of a pure-play domestic overnight business and see the (plane leasing) business as filling in the gaps for aircraft utilization.".
(MENAFN) In a strategic maneuver aimed at fortifying its aircraft leasing portfolio, Macquarie Air Finance made headlines on Friday with the announcement of its agreement to acquire an additional 23 ... .
The premier also says the province is leasing aircraft and expanding infrastructure to allow for firefighters to conduct operations such as aerial missions at night, enhancing B.C.'s capacity to fight wildfires around the clock ... 23, 2024 ... .
The airline reached an agreement to terminate a contract to lease three Embraer E190 jets, a narrow-body aircraft accommodating up to 114 passengers, by the end of March ...BambooAirways is currently undergoing a major restructuring ... — VNS. .
Story continues below ... LILLEY ... The firm has a 25% ownership stake in Flair but also leases the airline planes that 777 has purchased from Boeing. The hedge fund is also an investor in Australian low-cost carrier Bonza, which it also leases aircraft to ... .