Wet Lease

Tags: Glossary

A lease agreement that includes the crew, maintenance, and insurance of the aircraft.

What is Wet Lease?

A wet lease is a contract between two airlines, where one airline (the lessor) provides an aircraft, crew, maintenance, and insurance to another airline (the lessee). The lessee uses the aircraft for a specified period, paying a fee based on the number of hours flown.

Wet leasing is commonly used in the shipping industry to meet temporary capacity needs, such as during peak seasons or when regular aircraft are undergoing maintenance. 

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

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