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.
CHINA AIRCRAFT LEASING GROUP HOLDINGS LIMITED ... The board of directors (the "Board") of China Aircraft Leasing Group Holdings Limited (the "Company") hereby announces ... China Aircraft Leasing Group Holdings Limited ... CALC - China Aircraft Leasing Group Holdings Ltd.
... long-term lease to Copa Airlines. This Boeing 737 MAX aircraft, powered by CFM International LEAP-1B engines, is part of a multiple-aircraft sale-and-lease back transaction between ACG and Copa Airlines and is the eighth Boeing aircraft currently on lease from ACG to the airline.
Its basic lease rents soared to $1.46bn in the quarter from $871m as it benefited from its takeover of rival Gecas.AerCap told investors that of the 190 countries where it tracks travel patterns, over half surpassed 80pc of 2019 traffic levels in June 2022.The company has almost ...
The company entered into a new ground lease at Addison Airport, in Dallas Texas (“ADS”), and will soon commence construction of a Sky Harbour campus ... We develop, lease and manage general aviation hangars across the United States, targeting airfields in the largest growth markets with significant aircraft populations and high hangar demand.
PARIS/WASHINGTON (Reuters) – Boeing Co’s 787 Dreamliner has returned to the world market for newly delivered aircraft at a time when demand for wide-body jetliners is finally stirring to life after a prolonged slump ... of AerCap, the world’s largest leasing firm, said on Thursday.
Dubai. Airfares on India’s domestic routes could rise sharply from September with the government removing fare caps imposed in 2020 ... India's cap on domestic airfares ... “Much like other Asian currencies, the rupee has depreciated against the dollar, resulting in rising USD-denominated costs such as fuel and aircraft lease rentals,” said Longani ... .
A strengthening rebound in air travel "across all major regions" boosted second-quarter revenue at AerCap as the world's top aircraft lessor predicted that supply chain issues for planemakers would support leasing demand for years to come. Dublin-based AerCap said lease rents were ...
Recovering air travel demand boosted the Irish aircraft leasing giant's fortunes in the second quarter of the year ... Airlines’ struggle to keep up with surging post-Covid demand for travel boosted Irish aircraft leasing giant Aercap’s finances in the three months to the end of June.
DUBLIN/PARIS, Aug 11 (Reuters) - The world's largest aircraft lessor predicted on Thursday that planemakers will be hampered by supply chain issues for years, further slowing new jet deliveries and boosting leasing demand already benefiting from a rebound in air travel.
While Dublin-based AerCap said lease rents were negatively impacted by the loss of revenue from Russian aircraft in the quarter, the recovery in passenger demand led to higher overall levels of cash collection and greater ...
Other airlines and leasing companies have announced their own investments in flying-taxi startups and preliminary orders. But the aircraft haven’t yet been approved by regulators to fly passengers, and customers generally haven’t had to put down cash. The aircraft being developed by Archer and its rivals take off and land vertically like helicopters.
Alleged ultimate parent of Irish-registered company leasing vessels to Cypriot companies is Russian state, court hears ... It is claimed that the company, which leases out aircraft and marine vessels, is ultimately owned by the Russian state’s transport authority ... initially leased.