AOG WET LEASE

An AOG Wet Lease refers to an aircraft lease agreement where an airline with an active operating license leases an aircraft on ACMI terms from another airline that also holds an active operating license and has an available aircraft. 

AOG Wet Lease occurs when an aircraft becomes a NO GO (unable to operate) shortly before the scheduled departure time, typically due to technical issues, and the airline is unable to replace it with any of its own aircraft. In such cases, a Wet Lease is initiated to cover the affected flights. Initially, this lease is put in place to prevent passenger inconvenience due to one or more canceled flights. If the technical issue with the scheduled aircraft is resolved, the lease is terminated, and the airline resumes its regular operations. If the technical issue is not resolved, the airline will seek a Short-Term Wet Lease to continue operations until the issue is fixed. 

Wet Lease agreements are generally conducted on ACMI terms. In some cases, depending on applicable conditions and regulations, Wet Lease agreements may also be conducted on AMI terms. 

An airline that leases out its aircraft on Wet Lease terms is required to provide the following ACMI services to the leasing airline:

 

ACMI: An acronym for Aircraft, Crew, Maintenance, and Insurance. 

– A (Aircraft): The leased aircraft must have a valid airworthiness certificate. 

– C (Crew): The leased aircraft must be operated by pilots and flight attendants who are licensed and qualified for the aircraft type. Additionally, the crew must be sufficient in number, according to the flight hours. 

– M (Maintenance): Maintenance and repair services must be provided for the leased aircraft, with qualified technicians who possess the necessary license and equipment, whether routine or non-routine. 

– I (Insurance): The leased aircraft must be insured with a valid policy that complies with international civil aviation regulations, covering the required areas and limits. 

 

JAZZJET Aviation has extensive experience in AOG Wet Lease operations. Some examples of our past AOG Wet Lease agreements include: 

– Saab 2000 – Georgia – AOG Wet Lease 

– Boeing B747-300 – Germany – AOG Wet Lease 

– Airbus A320-200 – Tunisia – AOG Wet Lease 

– Airbus A320-200 – Turkey – AOG Wet Lease 

– MD83 – Italy – AOG Wet Lease 

– MD82 – Turkey – AOG Wet Lease 

– Boeing B737-400 – Romania – AOG Wet Lease 

 

Our Services for Wet Lease Rentals

The services we provide to clients during Wet Lease agreements are as follows:

 

LOCAL SUPPORT

 

JAZZJET Aviation can provide local support upon request during long-term Wet Lease agreements. Thanks to our widespread network of representative offices, we are able to assist customers with crew transfers, hotel reservations, fuel, and handling services at locations where flights are operated.

 

OPERATION

Throughout the lease term, all operations are monitored 24/7 by JAZZJET’s operations offices, and detailed reports regarding the process can be provided to clients. In the event of any issues during the process, the customer will be immediately informed, and solution-oriented support will be offered.

 

LEGAL SUPPORT

Through our department composed of experienced attorneys, we are able to make agreements that protect the mutual rights of our customers.

 

ACCOUNTING

With our specialized accounting team, we ensure that all payments are tracked to prevent our clients from facing any commercial risks.

 

PAYMENT GUARANTEE FUND 

This is a method created to prevent payment delays that may occur in Wet Lease agreements. Airlines that maintain a pre-determined deposit in the fund can easily make payments, especially for urgent leases and AOG (Aircraft on Ground) situations, thereby eliminating payment-related delays. Information regarding the amount determination and implementation details can be provided upon request.