Glossary
Airline Operations
Wet Lease
Definition
A leasing arrangement where one airline provides an aircraft along with crew, maintenance, and insurance (ACMI) to another airline. The aircraft operates under the lessor's air operator certificate.
Related Terms
ACMI
Stands for Aircraft, Crew, Maintenance, and Insurance — the four components included in a wet lease agreement. ACMI providers offer turnkey flying solutions to airlines needing extra capacity.
Dry Lease
A leasing arrangement where an airline leases an aircraft without crew, maintenance, or insurance. The lessee operates the aircraft under its own air operator certificate.
Charter Flight
A flight operated outside of regular airline schedules, hired for a specific trip by an individual, company, or group. Offers flexible scheduling and routing.