What is the difference between “Dry Lease” and “Wet Lease”?
Dry Lease: Without crew and aircraft is operated under the AOC of the lessee
Wet lease: With crew and aircraft is operated under the AOC of the lessor
What does the term ACMI mean?
Aircraft/Crew/Maintenance/Insurance
What is an AOC?
A certificate authorizing an operator to carry out specified commercial air transport operations