Wet lease agreements – Universal remedy for airlines post crisis or risky businessWet Lease Agreement • March 3rd, 2021
Contract Type FiledMarch 3rd, 2021The main business of airlines is flying planes from A to B with passengers or cargo. There are various developments that can make a customer journey better and airlines more efficient and profitable, be it cooperating with partners in interline and codeshare agreements or joint-ventures. However, that main component of flying an aircraft from one location to another has recently seen shifts when it comes to the entity that actually owns the plane and hires the operating crew.