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

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2
Q

What does the term ACMI mean?

A

Aircraft/Crew/Maintenance/Insurance

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3
Q

What is an AOC?

A

A certificate authorizing an operator to carry out specified commercial air transport operations

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