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.
A number of , including international ones, are soon going to start aircraft leasing in Ahmedabad’s GIFT city. This is thanks to Union finance minister in this Budget proposing tax holiday on capital gains and tax exemption for aircraft lease rentals paid to for those doing so in GiftCity.
FLY) ("FLY"), a global leader in aircraft leasing, today announced its financial results for the fourth quarter and full year of 2020 ... FLY is a global aircraft leasing company with a fleet of modern and fuel efficient commercial jet aircraft. FLY leases its aircraft under multi-year lease contracts to a diverse group of airlines throughout the world.
Speaking at the 'India Aircraft Leasing Summit' at New Delhi's Vigyan Bhawan, Puri also said the government is not averse to tweaking the system to make India a centre for aircraft leasing for both domestic and international markets ... The aircraft leasing business in India also caters to the international market, he added.
On Wednesday, February 24th, a GOLBoeing 737-800 at Sao Paulo’s Guarulhos airport had to undergo some repairs to its bottom-rear fuselage after a rolling set of stairs hit the aircraft ... However, data from Planespotters.net indicates that the aircraft was leased out to Brazilian budget airline Webjet in 2012, from May to November.
Norwegian Air has booked an impairment loss of 12.8 billion Norwegian crowns ($1.50 billion) in the fourth quarter related to owned and leased aircraft as well as pre-delivery payments on terminated aircraft orders. ... the process with fewer aircraft and less debt. .
NEW DELHI... “It is technically feasible to do these routes using seaplanes ... Singh added that attempts are being to ensure that the seaplanes are leased from an Indian company based in Ahmedabad's GiftCity ... The () removed the requirement of giving type acceptance of aircraft for short term wet leasing (hiring with operating crew) of aircraft ... .
However, to summarize what we’ve already reported, the aircraft is heading to the Troll Research Station in Antarctica with Norwegian researchers, as well as a crew of 20, consisting of six pilots, 13 flight attendants, and one mechanic ... This aircraft is 20.5 years old and has flown with Icelandair since 2015.