Why is it called wet lease?
Why is it called wet lease? It's a term peculiar to the aviation industry and refers to the leasing of an aircraft to an airline, along with a crew to fly the plane and provide the onboard service. Straightforward leasing of an aircraft is usually referred to as dry leasing while wet leasing can be thought of as coming with a drink!
What is a sham dry lease?
Another common grey area is the “sham dry lease” or the “wet lease in disguise” operation. This occurs when one or more parties act in concert to provide an aircraft and at least one crewmember to a potential passenger.