The concept of dry rent means the transfer of equipment from the lessor to the taker, but without maintenance, without crew, without insurance, etc. Banks and leasing companies are generally involved in dry leasing. Aircraft registration and aviation operator certificate must be provided by the taker under a dry lease. A dry leasing (which is not a term defined by the Federal Aviation Regulations (FARs) is a little different: the owner always makes an aircraft available to the tenant – but without a crew. No possession of the aircraft is carried out under the conditions of a wet lease, making it an exception to a typical lease. As part of a wet lease, the owner has control of the operation. And if there are no exceptions, a wet leasing indicates the need for an FAA commercial operating certificate. Water leasing is a normal part of Part 135 compliant operation, while leasing aircraft that are shared under Part 91 generally include dry leases. Operating lease: is usually a short-term lease relative to the economic life of the aircraft. As part of operational leasing, equipment is generally purchased for a period of 2 to 7 years. The aircraft being leased is not part of the taker`s balance sheet.
Second, a passenger hire airline provides all the means necessary to fly the aircraft. These include crew, maintenance, flight certificates and, most importantly, liability insurance. All direct operating costs such as fuel, catering, airport charges, assistance and navigation charges are paid directly by the customer to service providers (i.e. airports). In the United Kingdom, a ground lease (AOC) of the renter is the case when an aircraft is operated in accordance with the Air Transport Operator Certificate (AOC).  An agreement in which the owner makes available the aircraft, flight crew and maintenance, but the taker provides cabin crew, is sometimes referred to as “damp-leasing,” a term used specifically in the United Kingdom. It is also sometimes referred to as “wet lease.”  In the United Kingdom, a dry lease is the case when an aircraft is operated under the aocular of the taker.  With a more aggressive growth mandate, the more aggressive and smaller operators have overpaid many of their assets in the sales and leasing market, and then are underpaid by rents to attract the company, with maintenance reserves and lower yield conditions: leasing rate factors have fallen to 0.6% per month (7.2% per year) and even reach 0.55% (6.6% per year).  Understanding the differences between dry leases, water leases and back leases goes above the choice of the most suitable option for your business.