Benefits of Wet Leasing
As passenger demand surges worldwide, more airlines are leaning towards aircraft wet-lease capacity to leverage the market demand. ACMI or Wet Leasing refers to a type of lease in which the lessor who operates the aircraft provides the lessee with the aircraft, crew, maintenance, and insurance. Typically utilized by airlines globally to procure additional capacity when launching new routes or during periods of increased demand on both a long-term and short-term basis. Some of the main benefits of wet leasing are.
1.?Capital Expenditure Reduction: Since wet leasing does not require significant upfront investments or ongoing maintenance costs, it might be more economical than buying or dry leasing an airplane.
2. Flexibility: Wet leasing enables airlines to easily and swiftly modify the fleet to match demand fluctuations.
3.?Dependability: Wet leasing companies often have a fleet of well-kept planes that are routinely maintained, giving passengers a higher level of dependability.
4.?Reduced Operational Risks: Through wet leasing, airlines can transfer to the lessor operational risks related to aircraft ownership.
5.?Legal compliance: Wet leasing can assist airlines in ensuring adherence to safety and regulatory norms.
6.?Access to Cutting-Edge Technology: Wet leasing enables airlines to utilize the most recent aircraft models and technologies without incurring the high expense of outright purchase.
7.?Diverse Fleet: Wet leasing can offer airlines a variety of aircraft, which can be beneficial in the event of unanticipated maintenance concerns.