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It operates charter flights and also wet and dry leases aircraft to other airlines.
The airline operated mostly charters and wet and dry leases aircraft to airlines.
The deal saw the aircraft being leased for a period of five years, initially as a wet lease later to be changed to a dry lease.
An aircraft lease that just includes the aircraft, with no support functions, is called a Dry Lease.
A Boeing 737-600 was dry leased, which enabled the airline to renew its AOC.
As of January 2013, GoAir operates 15 such aircraft (1 owned and 14 dry leased) and the average fleet age is 3 years.
In the United Kingdom, a dry lease is when an aircraft is operated under the AOC of the lessee.
The aircraft it operated were dry leased from sister company (airline) Landsflug which fleet consisted of the following aircraft (at September 2007)
Astraeus provided aircraft anywhere in the world to meet short and long term lease requirements, wet lease, damp lease or dry lease options.
In January 2007, the Q200s were removed from Horizon Air service and were dry leased to CommutAir.
Dry lease is typically used by leasing companies and banks, requiring the lessee to put the aircraft on its own AOC and provide aircraft registration.
In May 2013, some dry leased boeings 737-400 of UTair got into accident situations such as tyre burning, break of wheels and other reasons.
In April 2013, Biman put out a request for proposal for the dry lease of two Boeing 777-200/200ER aircraft for 5 years.
It operates international scheduled and charter air cargo services, as well as ACMI and wet and dry lease services.
Operation started in May 1984 with an aircraft on dry lease from Widerøe (LN-BNS), which was also used as system development platform.
Despite cutting its workforce from by a third and changing from wet lease to dry lease Mihin continues to make annual losses of LKR1-2 billion.
A typical dry lease starts from two years onwards and bears certain conditions with respect to depreciation, maintenance, insurances, etc., depending also on the geographical location, political circumstances, etc.
Other services provided include international charter services, ad-hoc wet leasing services, religious pilgrimage charters (Hajj/Umrah) and dry lease services.
As of December 2012, Air India Regional Fleet Consists of the following Aircraft Families (All aircraft are dry leased)
Global Supply Systems now operates a fleet of 3 Boeing 747-8 freighter on dry lease from partner Atlas Air in full British Airways World Cargo livery.
On 7 November 1993, Bhoja Air started operations on domestic routes between Karachi, Lahore and Quetta with a dry leased Boeing 737-200.
It operates domestic and international cargo services and charter passenger services throughout the USA, Canada, Mexico and the Caribbean, as well as wet and dry leasing.
The industry has two main leasing types, wet leasing which is normally used for short term leasing and dry leasing which is more normal for the longer term leases.
It began flying operations for British Airways between London Stansted, Frankfurt and Hong Kong using a Boeing 747-400 freighter on dry lease from partner Atlas Air.
GECAS buys aircraft from manufacturers like Airbus and Boeing and then leases them to airlines, typically on three to five year leases, usually on dry lease contracts.