Explained | What is wet-leasing of aircraft?

The civil aviation ministry has allowed Indian airlines to take wide-body planes on wet-lease for up to one year as it pursues efforts to make the country a key international hub for air traffic.

Citing a senior ministry official, PTI reported that the rules were relaxed, allowing airlines to wet-lease wide-body planes for a year based on specific requests, as opposed to the six months currently.

What is wet-leasing?

According to OAG Aviation, the technical term for wet-leasing is ACMI, which stands for aircraft, crew, maintenance and insurance. This means the airline leasing the plane from another carrier gets not just the vehicle,