Definition of Wet lease:
An arrangement covering the hire of an aircraft including the provision of a flight crew and sometimes fuel.
Form of a leasing agreement that provides multiple services to the individual(s) leasing the property. This type of lease typically applies to the airline industry and under this agreement the owner will provide a crew, maintenance, and other services needed for the aircraft.
Hire (an aircraft) on the basis of a wet lease.
How to use Wet lease in a sentence?
- Dutch cabin crews from KLM and Martinair told their management that they would not work if BA tried to wet-lease an aircraft from a Dutch carrier.
- It started by operating Fokker 100 aircraft on wet leases and on charter operations in various countries.
Meaning of Wet lease & Wet lease Definition