Dry Lease Sample Clauses
A Dry Lease is a contractual arrangement where the lessor provides an aircraft to the lessee without crew, maintenance, or insurance. In this setup, the lessee is responsible for supplying pilots, arranging for maintenance, and obtaining all necessary insurance coverage during the lease period. This clause is commonly used when the lessee has the operational capability to manage the aircraft independently. Its core function is to allocate operational responsibilities and risks to the lessee, allowing for flexibility and cost control in aircraft leasing.
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Dry Lease. The parties intend that this Agreement shall constitute a “dry” operating lease. During each usage by Lessee, Lessee shall have possession, command, and operational control over the Aircraft, aircrew and maintenance; provided that during each reserved use by Lessor or other lessee of the Aircraft, Lessor or such other lessee, as applicable, shall have possession command and operational control of the Aircraft. “Operational control” shall mean, consistent with 14 C.F.R. § 1.1 and FAA guidelines, the exercise of authority over initiating, conducting, or terminating a flight. Lessee shall exercise complete control over the phases of operation of the Aircraft requiring aviation expertise for all flights under this Agreement.
Dry Lease. Provision for lease of E-Cars/E-Vehicles by ANERT without driver and fuel or fuel costs.
Dry Lease. The parties intend that this Agreement shall constitute a “dry” operating lease. During each usage by Lessee, Lessee shall have possession, command, and operational control over the Aircraft, aircrew and maintenance. “Operational control” shall mean, consistent with 14 C.F.R. § 1.1 and FAA guidelines, the exercise of authority over initiating, conducting, or terminating a flight. Lessee shall exercise complete control over the phases of operation of the Aircraft requiring aviation expertise for all flights under this Agreement.
Dry Lease out from your SPO
Dry Lease. Any leasing or sub-leasing arrangement through which the Company agrees to transfer an Aircraft to another Entity.
Dry Lease. The term dry lease means any arrangement whereby a lessor agrees to provide entire aircraft without crew to an operator, and the lessee maintains operational control. The lessee operator of the aircraft must hold the necessary economic and operating authority for the aircraft, and it must exercise operational control over the aircraft. Accordingly, the lessee must provide the necessary flight and cabin crewmembers, ground personnel, dispatchers, and ground facilities to operate the leased aircraft.
Dry Lease out agreement of a United Kingdom Registered Aircraft (G-REG) to a UK Air Carrier
a) that there is a valid written lease agreement in place between the air carriers;
b) that prior notification of the lease to the CAA is made in accordance with paragraphs 5(a), (b) and (c) below;