A dry lease is a lease agreement in which an aeronautical finance company (lease), such as GECAS, AerCap or Air Lease Corporation, provides an unmanned aircraft, ground personnel, etc. Dry leasing is generally used by leasing companies and banks, with the taker required to put the aircraft on their own Air Transport Operator (AOC) certificate and allow aircraft to be registered. A typical dry contract lasts up to two years and has certain conditions of depreciation, maintenance, insurance, etc., depending on the geographical location, political circumstances, etc. The global wet leasing market is expected to grow from $7.35 billion in 2019 to $10.9 billion in 2029, representing a 4.1% TURNOVER. Potential times: Companies that need to use our service to market their aircraft availability on Wet Lease or Dry Lease should contact the following detailed application and fixing the latest technical specifications of the aircraft, real indoor and outdoor photos: Water rental is sometimes used for political reasons. For example, EgyptAir, an Egyptian government company, cannot fly to Israel under its own name because of a well-founded Egyptian government policy. As a result, Egyptian flights from Cairo to Tel Aviv are operated by Air Sinai, which is leased by EgyptAir wet to bypass the political issue. [10] Lease Operating: is usually a short-term lease relative to the economic life of the aircraft. As part of operational leasing, equipment is generally purchased for a period of 2 to 7 years. The aircraft being leased is not part of the taker`s balance sheet. Any special requirements (prohibited countries, prohibited companies …

etc.). The mandate letter must be requested by the lessor on the basis of specific agreements and deadlines. In the contractual phase, Wademekum will send its commission agreement to the lessor to sign, shortly after the preparation of the agreement under the necessary conditions and will then be signed with the landlord, tenant and agent. A dry water lease agreement may also be concluded between a major airline and a regional airline in which the large airline provides the aircraft and the regional operator provides flight crews, maintenance and other operational aspects of the aircraft, which can then be operated under the name of the large airline or a similar name. Dry hire avoids the cost of training staff for flight and waiting for the aircraft, as well as other considerations (such as staggered unionist contracts, regional airport staff, etc.). FedEx Express uses such an agreement for its service operations and instructs companies such as Empire Airlines, Mountain Air Cargo, Swiftair and others to operate their single-engine and twin-engine turboprop “feeder” aircraft in the United States. DHL has a joint venture in the United States with Polar Air Cargo, a subsidiary of Atlas Air, to operate its domestic deliveries. As part of the wet rent, the owner makes the equipment available to the tenant, but without the cabin crew. The rest of the agreement remains broadly the same. Under this agreement, the tenant must provide cabin crew, who must also be well trained. However, in this case, the owner will provide a surveillance cabin wallet.

Damp lease in some countries is also known as Wet Lease, Without Fuel. In 2007, Beijing allowed Chinese banks to launch leasing units and nine Chinese lenders were among the top 50 in 2017, led by ICBC Leasing in the top 10, with the value of their managed fleet increasing by 15% since 2016. [5] In some cases, Chinese owners forgot that they had to receive a secondary lease and missed the time of re-delivery when they failed planes for a few months. [6] They can also be considered a form of charter in which the lessor provides minimum operating services, including the ACMI, and the lessor provides the balance sheet of services with the flight numbers.