Aircraft Dry Lease Agreement Template For Renting A Room
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FAQ
The FAA defines leasing an aircraft Dry is non commercial. Unlike light sport aircraft that has particular reasons it can be leased there seem to be no restrictions on E-AB except it cannot be used for flight training.
Also known as wet or damp leasing, ACMI leasing is an agreement between two airlines, where the lessor agrees to provide an aircraft, crew, maintenance and insurance (ACMI) to the lessee in return for payment on the number of block hours operated.
With a dry lease, an aircraft owner/lessor leases an aircraft to a lessee/operator without a crew. Neither the lessor nor the lessee is required to hold a charter certificate. In a dry lease situation, the lessee provides its own crew and exercises operational control of its flights.
A dry lease enables an aircraft owner to legally earn revenue by allowing an entity to use the aircraft through a contractual agreement. Typically, the aircraft can be leased hourly, monthly or annually. The reference to a dry lease means that the aircraft is being provided without fuel or flight crew.
The distinguishing factor between wet-lease and dry-lease aircraft is who has operational control. In a wet-lease situation, the lessor maintains operational control of all flights whilst providing aircraft and crew, whereas with dry-lease the lessee provides its own crew and exercises control.