At AirNode Networks Jet Charters, we know the aviation industry – and specifically the world of private jet charter – can be tough for a typical customer to understand. But we know that gaining knowledge empowers people to save money and make smarter choices. That’s exactly why we’re so focused on educating our clients.we’ll explain the difference between aircraft leasing and private jet charter and explain exactly how it affects you – our valued client.
What Makes Operators Lease Aircraft?
leasing simply means transferring an aircraft without transferring its title. The owner (aka the lessor) keeps the legal title – but possession transfers to the lessee. Why would an operator wish to lease aircraft?
Capacity: The first reason to lease is to secure the ability to temporarily increase capacity. Commercial airlines do this even more often – but charter jet operators can also run into the need for additional capacity.
Money: There’s another clear reason to lease, as well – finances. Purchasing an aircraft can be challenging for numerous reasons, from practicality to financial. Leasing is an attractive option that lets operators forgo the financial stress of an actual purchase. This isn’t at all surprising – however, it can also cause a problem in the event that a lease is arranged to circumvent FAA regulations and rules.
Wet Leases vs. Dry Leases
In the charter industry, the FAA regulates two main types of aircraft leases: a “dry lease” or a “wet lease.”
A wet lease means that the organization or person who owns the aircraft will provide that aircraft as well as one or more crew members to the lessee. Even more important, the owner also promises to conduct adequate maintenance and procure the insurance necessary to operate.
A dry lease is slightly different: The owner still provides the lessee with an aircraft – however, without a crew.
No possession of the aircraft occurs under the terms of a wet lease, which makes it an exception to a typical lease. Under a wet lease, the lessor has operational control. And unless an exemption exists, a wet lease signals the need for an FAA commercial operating certificate. A wet lease is a normal part of a compliant Part 135 operation, while leased aircraft shared under Part 91 generally involve dry leases.
AirNode Netorks: Integrity and High Standards
We strongly believe that when you charter a private jet, you deserve to get the best possible return on your investment. You should fly on only the safest aircraft that best suit your charter flight needs.