Private Jet Leasing

An ACMI lease progamme, commonly known as wet or damp leasing, is a contract in which the lessor provides the lessee with an aircraft, crew, maintenance, and insurance (ACMI). The lessee compensates the lessor according to the number of block hours operated. This type of leasing ensures that the lessee has additional or replacement capacity available.

The key advantage of wet leasing is its flexibility. Operations can be initiated quickly, subject to availability, to address immediate needs. This is ideal for testing private jet ownership without the need for significant upfront investment in aircraft and crew.

In contrast, a dry lease, also known as an operating or finance lease, generally demands a minimum-term commitment. Acquiring an aircraft requires substantial capital, which may not be practical. Wet leasing offers unmatched flexibility, allowing usage as needed.

Estimate prices for an ACMI lease with 60 flight hour utilisation per month are as follows, based on the aircraft type:
Light jet, 5 seats - 1,800 USD/hour
Mid-size jet, 7 seats - 3,700 USD/hour
Heavy jet, 11 seats - 5,900 USD/hour
These are the basic rates, final ACMI rates will depend on a number of parameters – the home base, the number of passengers, fuel prices in the region of operation, etc.

A private jet leased through an ACMI programme is a gentle way to move pets across destinations. Kindly advise your accounting manager that you need a pet-friendly aircraft at an early stage and we will find a suitable solution.

A dry lease involves a private jet leasing arrangement where the aircraft owner provides only the aircraft, without pilots or cabin crew. The lessee pays a fixed hourly rate, directly purchases the fuel, and contracts and pays for the flight crew separately. In contrast, a wet lease includes the aircraft along with at least one crew member, and the owner or operator covers fuel, maintenance, and insurance.

Another important distinction is operational control. In a dry lease, the lessee has complete operational control over the flights. Conversely, in a wet lease, since the owner or operator supplies the crew, fuel, maintenance, and insurance, they retain operational control.