LEASING Flashcards
1
Q
What is the difference between “Dry Lease” and “Wet Lease”?
A
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
2
Q
What does the term ACMI mean?
A
Aircraft/Crew/Maintenance/Insurance
3
Q
What is an AOC?
A
A certificate authorizing an operator to carry out specified commercial air transport operations