Under Wet Lease Agreement

Under Wet Lease Agreement: What It Is and How It Works

A wet lease agreement is a common practice in the aviation industry where airlines lease an entire aircraft along with its crew, maintenance, and insurance. In a wet lease agreement, the lessee assumes all the operational responsibilities of the aircraft, including fuel and other associated costs.

But what about the situation when an airline wants to lease only the aircraft and not the crew? This is where the concept of a wet lease agreement comes into play. An under wet lease agreement, the lessor or the owner of the aircraft leases it to the lessee, who operates the aircraft and provides their own crew.

An under wet lease agreement is typically used when an airline needs additional aircraft to meet the demand during peak seasons or to fill a temporary shortage of its own fleet. It allows the lessee to quickly add new aircraft to its fleet without having to invest in recruiting, training, and certifying additional crews.

Under wet lease agreements, the lessor provides the aircraft, while the lessee provides the crew and pays for fuel and other associated costs. The owner of the aircraft is responsible for maintaining the aircraft and ensuring it complies with all the safety and regulatory standards.

The terms of an under wet lease agreement may vary depending on the needs and requirements of the parties involved. The length of the lease and the pricing structure are two important factors that need to be negotiated between the parties.

Under wet lease agreements, the lessee assumes all the risks associated with the aircraft`s operation, including liability for any damages, accidents or incidents that may occur during the lease period. The lessee must also comply with all the safety and operational standards set by the owner of the aircraft.

In summary, an under wet lease agreement provides a flexible and cost-effective solution for airlines to meet their temporary fleet requirements. It allows airlines to quickly add new aircraft to their fleet and operate them with their own crew, without having to invest in additional resources. While there may be some risks involved, under wet lease agreements are a common practice in the aviation industry and can be a beneficial arrangement for all parties involved.