Directorate General of Civil Aviation (DGCA) has permitted domestic airlines to prepare their fleets for the expected surge in demand during the festive season by wet leasing aircraft, Financial Express (FE) has reported. Wet leasing refers to an arrangement wherein one airline provides an aircraft along with complete crew, maintenance, and insurance (ACMI) to another airline, which is paid for on the basis per hour operated.
IndiGo and SpiceJet are likely to wet-lease 20 aircraft. While IndiGo will source 11 Airbus A320 aircraft from SmartLynx Airline, SpiceJet will induct nine Boeing 737Max aircraft from Corendon Airlines of Turkey, the FE report said, citing sources.
