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.
Aviation Capital GroupLLC (“ACG”) announced the delivery of one new Airbus A321neo aircraft on long-term lease to Volaris ... asset managers with over 490 owned, managed and committed aircraft as of September 30, 2023, leased to roughly 90 airlines in approximately 45 countries.
Aircraft leasing business Propius handed back three aircraft in the period, leaving one aircraft still to return, along with the overhaul of one landing gear set still outstanding ... term lease liabilities from the balance sheet and allow a focus to be on the growth and sale of LSA.
I have never gotten more utility out of my aircraft ... “We are gratified at the growing recognition of Sky Harbour’s unique model among sophisticated aircraft operators, and eager to get to work with our new partners as we steepen Sky Harbour’s climb.” ... The company develops, leases and manages general aviation hangars across the United States.
The NCAA had earlier directed UnitedNigeria Airlines to suspend the use of the aircraft, an Airbus leased from Europe-based Fly2Sky, until after the investigation ... After a post-incident meeting, the NCAA said the airline’s explanation was unacceptable, prompting the suspension of its wet lease aircraft pending further investigation.
“This could cross 200 aircraft by the end of Mar-2024 ... “Airlines such as IndiGo and SpiceJet have resorted to inducting aircraft on wet lease to bridge the shortfall in capacity. Upto 30 wet-leased aircraft are expected to be operating in India by Mar-2024.” Also ReadAir India gears up for its first Airbus A350.
Close to 200 aircraft might be grounded by end of FY24 ... Also ReadClose to 200 aircraft might be grounded by end of FY24 ... Airlines like IndiGo and SpiceJet are addressing capacity shortfalls by inducting aircraft on wet lease, with up to 30 wet-leased aircraft anticipated to be operating in India by March 2024.
David Byrne has been promoted to SeniorDirector, Leasing and Trading EMEA, Asset TransactionGroup. Based in Dublin, David will be responsible for commercial aircraft and engine leasing and trading for the EMEA Region as well as leading global whole asset remarketing for GA Telesis'�expanding global portfolio.
DAE Capital was an inaugural signatory of the Aircraft Leasing Ireland (ALI) Sustainability Charter, a framework for assessing and disclosing sustainability alignment for leasing portfolios and which provides actionable guidance on how to achieve GHG reduction ambitions.
Nov 27 (Reuters) - U.S ... "As private credit investors, this is the environment we’ve been waiting for," portfolio managers at PIMCO said in a note ...Within specialty finance, the asset manager singled out residential mortgage credit, solar and home improvement lending, equipment finance and aircraft leasing ... Our Standards ... , opens new tab ... ....