Aircraft for Lease
Aircraft leasing provides flexible short and long term options for private, commercial and government clients who require a dedicated aircraft for moving passengers and freight. Whether you require a helicopter or private jet, a commercial airliner or cargo freighter, we’ll work with you to find the best solution based on your specific needs. Read More ►
Types of Aircraft Leasing
A wet lease generally lasts 1–24 months; a shorter duration would be considered an ad-hoc air charter. We provide an aircraft, complete crew, maintenance and insurance (ACMI). You cover fuel, airport fees, and any other duties, taxes, etc. A damp lease, occasionally referred to as a moist lease, is similar to a wet lease, we provide an aircraft, flight crew, maintenance and insurance. You provide the cabin crew and support staff who will be trained in safety and emergency procedures for this particular aircraft.
Under a dry lease we provide an aircraft that you operate on your own Air Operator’s Certificate (AOC) and registration. This is an aircraft only solution, without crew, maintenance, or insurance. A typical short term dry lease lasts upwards of two years. Operational and financial leasing provide additional long term dry lease options.
An operating lease is generally a medium to long term option greater than two years in length that would be attractive to established air operators or startups, who do not wish to purchase an aircraft or to bare the burden of an aging or obsolete aircraft. Under an operating lease the aircraft does not appear on the company’s balance sheet. A financial lease, also known as a capital lease, is a long term option to operate an aircraft effectively as if it were purchased with an option to buy or receive the aircraft once the terms of the lease are complete. Common term options may bring the lease to a conclusion, when payments exceed 90% of the market value or when 75% of the aircraft’s useful life has been reached. Under a financial lease the aircraft appears on the company’s balance sheet.
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