Dry lease

Dry lease,

Definition of Dry lease:

  1. Type of aircraft leasing in which the lessee arranges and pays for the crew, fuel, and maintenance. In marine terms it is called a bareboat charter.

  2. Hire (an aircraft) on the basis of a dry lease.

  3. An arrangement covering the hire of an aircraft which does not include provision of a flight crew.

Meaning of Dry lease & Dry lease Definition