What is the meaning of leasing an aircraft?
It is normally when the whole aircraft is leased from leaser to the leasee. Now, you see the difference between jet charter and jet lease. Jet charter grants you access to the occupancy of the seats for specific time and destination, but on the contrary, jet lease grants you full access of aircraft for a fixed time period. At the end of fixed time period, you agree to pay the amount you agreed with the leaser.
Should you buy or lease a private jet?
The choice of leasing versus buying an airplane is very similar to that of a car if it is for business purposes. Typically, a purchase will allow the owner to take the depreciation. With airplane leasing the lessee will be able to deduct the payments as current expenses. The lease is also considered “off the balance sheet”, so a business’ financial statement will give them a positive financial leverage ratio as well as not showing as a lien or liability.
There are several options open for you to lease a jet. Do not get confused with it.
The options are ACMI lease, Dry lease, Wet lease and Damp lease. ACMI is the acronym of the four most essential factors of aviation. A for Aircraft, C for Crew, M for Maintenance and I for Insurance.
Wet lease is the aircraft leased with fuel. Damp lease is where the aircraft leased with fuel but no cabin crew. Dry lease is where the aircraft leased without fuel.
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