Commentary

37 The wet lease and aircraft charters

CIVIL AVIATION vol 7
| Commentary

37 The wet lease and aircraft charters

| Commentary

37 The wet lease and aircraft charters

Where an air carrier has surplus capacity (ie aircraft and flight crew in excess of its current needs) and a different air carrier has insufficient capacity, the wet lease provides a mechanism by which the former (the lessor) can perform the flights that the latter (the lessee) needs. Although the lessor will be the operator of the aircraft, all of the economic benefits of the operation remain with the lessee. Consequently, from an economic regulatory perspective, it is the lessee’s traffic rights that are being exercised1.

Under a wet lease, the flight crew remain

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