wet lease

English dictionary entry

Meanings

noun
  1. An agreement in which an airplane, including crew, maintenance and insurance, is leased to another organisation, usually for a short period of time.
  2. Any similar arrangement for other types of equipment.

Word forms

wet lease wet leases

Etymology

From wet + lease. The origin is uncertain, but it is widely believed that the term wet refers to the inclusion of fuel in the lease agreement.

Synonyms

Related words

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