Aircraft leasing allows individuals and companies to use planes for a set period of time in exchange for a fee. There are two types of leases, wet and dry, and people can choose from a variety of companies. Leasing can provide flexibility and cost savings for pilots and airlines, and can allow carriers to test new aircraft types before committing to a purchase.
An aircraft lease is a contract that allows a person or company to use an aircraft for a set period of time, in exchange for a fee. Airlines and charter companies can take advantage of leasing to maintain the flexibility of their fleets or provide temporary coverage. Individual pilots can also lease aircraft if they do not want the expense of purchasing and maintaining an aircraft for their use. Some airfields have cooperative leasing agreements that allow multiple pilots to share a plane, split the costs, and establish a shared access schedule.
There are two types of aircraft leases, wet and dry. A wet lease includes not only the aircraft, but also the ground and flight crew, maintenance, and insurance. Dry leases only offer the aircraft, which requires people to provide their own crews, maintain the aircraft, carry insurance, etc. People may have different needs and can sometimes switch between lease types as their situations change.
People looking for an aircraft lease have a number of companies large and small to choose from, including some airlines that make aircraft from their fleet available for charter. Rates can vary, and it’s wise to compare and contrast several different plans, taking into account things like the length of the lease and any restrictions. For example, a company may only allow its planes to fly domestically. Reviews of different leasing companies are available to allow people to research their services and gain information about them from the customers’ perspective.
Aircraft leasing allows people to use an aircraft without having to make a substantial investment to purchase it. Leasing companies may allow people to apply their own livery, especially on a long-term lease, allowing airlines to fly leased aircraft under their own brand. This can give carriers the opportunity to test new aircraft types before committing to a purchase and can make aircraft temporarily available for increased coverage while airlines upgrade and overhaul their fleets.
Pilots can take advantage of leasing an aircraft to gain access to aircraft that they may not be able to operate on their own. People like charter pilots may want to offer longer range flights and more services, but would be unable to afford the plane needed for these types of services. A lease can allow pilots to expand their operations without breaking the bank, especially if the pilots only have an intermittent need and can share a lease, rather than be the only person on the contract.
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