Wet & Dry Aviation | Our Services

With our Dry Lease Services, clients bear responsibility for all costs other than those associated with major checks and required aircraft service, such as: engine overhauls, landing gear overhauls, and/or D-Checks. Dry leasing provides the operational responsibility to the lessee. There are several types of leasing:

Full Payout Lease. You will acquire all financial benefits and risks without actually acquiring legal title. The leasing rate is computed to collect the full value of the asset (plus finance charges) during the contract period. At the end of the lease, the asset is sold to a third party and you can receive a share of the sale proceeds (if the lease is not being extended).

Operating Lease. Often with a shorter time frame than financial leasing, operating leasing is more like a regular rental. The lessor expects to be able to either sell the asset in the second-hand market or to lease it again and will therefore not need to recover the total asset value through lease payments. There may also be an option to extend the leasing period at the end. As with finance leases, you will not be able to become owner of the asset at any time but, contrary to financial leases, you will not share in the sale proceeds.

Sale and Leaseback. An owner sells the aircraft and leases it back from the buyer. Legal ownership of the aircraft passes to the leasing company/buyer but the right to use it stays with the original owner. This is of course only a general overview of the dry lease contracts. Detailed solutions can be offered based on your exact requirements.