aircraft dry lease
1dry lease — ➔ lease2 * * * dry lease UK US noun [C or U] ► TRANSPORT an agreement to lease (= pay to use) an aircraft without employing a pilot: »It is the largest of several companies which supply aircraft to airlines on dry lease. dry lease verb [T] ► » …
2Dry lease — A dry lease is a leasing arrangement whereby one airline (lessor) provides an aircraftwithout insurance, crew, ground staff, supporting equipment, maintenance, etc. Dry lease is typicallyutilized by leasing companies and banks, requiring the… …
3dry lease — The lease of an aircraft without a flight or cabin crew, fuel, or other supporting services …
4dry lease — noun an arrangement for the hire of an aircraft without the provision of a flight crew …
5Aircraft 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 …
6lease — a legal contract covering the possession and use of property, plant or equipment between the owner ( lessor) and another person ( lessee) at a given rent, for a stated length of time. Glossary of Business Terms A contract providing for the use of …
7Lease — A long term rental agreement, and a form of secured long term debt. The New York Times Financial Glossary * * * ▪ I. lease lease 1 [liːs] verb [transitive] COMMERCE 1. if you lease something to someone, you give them the right to use it for a… …
8Wet lease — A wet lease is a leasing arrangement whereby one airline (lessor) provides an aircraft, complete crew, maintenance, and insurance, (ACMI) to another airline (lessee), who pays by hours operated. The lessee provides fuel, covers airport fees, and… …
9wet lease — ➔ lease2 * * * Ⅰ. wet lease UK US noun [C] TRANSPORT ► an agreement to pay to use an aircraft with a crew, fuel, and insurance → Compare DRY LEASE(Cf. ↑d …
10wet lease — The leasing or hiring of a commercial aircraft from another carrier complete with a flight crew, but not necessarily with a cabin crew. All major servicing is performed by the owner carrier. The aircraft, however, carries the hirer’s logo and… …
