Requirements and Definitions Sample Clauses

Requirements and Definitions. 1) For the purposes of these OpSpecs, a wet lease is any leasing agreement, other than a code-sharing arrangement, whereby a lessor such as a foreign air carrier provides an aircraft and at least one crewmember to another foreign air carrier (the lessee) where one air carrier retains operational control. a. A wet lease requires that authorized officers of the two parties execute a written agreement between the lessor and the lessee. b. A copy of the lease agreement must be provided to the responsible IFO along with the Statement of Authorization approved by the DOT. c. The wet lease must be reviewed by the FAA legal counsel of the FS office with oversight responsibility for the U.S. air carrier when that air carrier is the lessor. d. A valid wet lease agreement must be in force for the DOT approval period as shown in the DOT Statement of Authorization. e. The only wet lease agreements that should be listed in A028 are long-term wet lease agreement(s) that are documented and authorized by the DOT. The DOT-documented authorizations are in the form of an approved Statement of Authorization. 2) Before issuing A028, PIs will review the terms and conditions of the appropriate wet lease agreement. a. The wet lease agreement shall specify: 1. That the lessor has operational control and airworthiness responsibility (approved maintenance program and XXX); and 2. Any associated procedures to be used during the wet lease operation. b. A valid wet lease agreement must be in force for the DOT approval period as shown in the DOT Statement of Authorization. c. OpSpec A028 will be revised by removing authorization for any wet lease agreement at the expiration of the DOT approval period in the Statement of Authorization or the expiration of the wet lease agreement (if not renewed and provided to the IFO), whichever occurs first. d. If renewal of the DOT authority has been requested prior to the expiration of the existing DOT authority, the wet lease can continue. Enter the phrase “DOT renewal applied for” in the box for the DOT order expiration date. Verification of DOT approval must be received. e. Any additional text added to A028 makes the entire OpSpec nonstandard. Any additional text added to A028 must be coordinated with the International Program Division.
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