What are wet lease flights?
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.
What does per hour wet mean?
A wet rate includes the cost of fuel and oil, while a dry rate does not. As of 2018, All American Aviation Services in North Carolina charges wet rates ranging from $109 per hour to $169.99 per hour, depending on the aircraft.
How does an airplane leaseback work?
Under a sale-leaseback arrangement, the aircraft owner sells the aircraft to the lender or lessor who then immediately leases the aircraft back to the original owner. There will be no interruption or disruption of aircraft operations, but the transaction should give the company some extra cash.
Can a wet lease impact the standard of in-flight service provision?
A Wet Lease can impact the standard of in-flight service provision. Sofema Aviation Service www.sassofia.com and SofemaOnline www.sofemaonline.com offer regulatory and vocation training both online and within the classroom environment. For details or enquiries please email [email protected] or [email protected]
What is the wet lease model?
The wet lease model allows airlines to scale up capacity at short notice without capital expenditure as the wet lease aircraft are charged by the block hour. Who are the players?
What is the difference between wet lease and ACMI lease?
In the case of ACMI Leases, all other charges are paid directly by the leasing party, fuel, HOTAC, overflight charges, crew per diem, handling etc. Wet lease varies, but generally considers all charges with the possible exception of fuel, which varies by agreement.
What is an E170?
An aircraft that redefines regional aircraft. Answering the needs of regional airline operators who wanted an aircraft with more space, we developed the E170. An aircraft with more space and comfort, redefining the regional jet segment, rewriting the rules.