Get Aircraft Lease Agreement

The types of lease depend on the requirements and various considerations of tax and revenue by the lessee (airlines company). Primarily, there are three types of leases for aircraft lease: (1) wet lease; (2) damp lease; and (3) dry lease.

An aircraft lease agreement is a contract between the aircraft owner and the lessee. The leasing company, typically airlines, provides payments for the use of airplanes.

Types of leases and their definitions Dry Lease Agreement - An agreement between undertakings pursuant to which the aircraft is operated under the AOC of the lessee. Wet Lease Agreement - An agreement between air carriers pursuant to which the aircraft is operated under the AOC of the lessor.

Wet leasing is completely flexible – use it when you need it. ACMI allows lessees to supplement their fleet capacity – without committing to an investment that may never produce a return.

The types of lease depend on the requirements and various considerations of tax and revenue by the lessee (airlines company). Primarily, there are three types of leases for aircraft lease: (1) wet lease; (2) damp lease; and (3) dry lease.

An aircraft lease agreement is a contract between the aircraft owner and the lessee. The leasing company, typically airlines, provides payments for the use of airplanes.

Operating lease For new aircraft this term is often eight to 12 years for a narrowbody, and up to 12 years for a widebody. Subsequent lease terms often decrease in length as the aircraft ages. The operator is charged a monthly lease rental fee for the duration of the lease term.

Operating lease For new aircraft this term is often eight to 12 years for a narrowbody, and up to 12 years for a widebody. Subsequent lease terms often decrease in length as the aircraft ages. The operator is charged a monthly lease rental fee for the duration of the lease term.