Wetlease definition
Wetlease means any arrangement whereby Sublessee agrees to furnish the Aircraft to a third party pursuant to which the Aircraft shall be:
Examples of Wetlease in a sentence
Wet-lease has often been (ab)used to circumvent the immigration, taxation and social legislation of the country of the AOC, to outsource jobs to third countries where labour is cheaper.
The foregoing agreement of the wet lessee shall be confirmed in writing to Sublessor by the relevant wetlessee on the request of Sublessor unless Sublessor and Security Trustee are each named as third party beneficiaries in the Wetlease, either expressly or by generic reference to the capacity in which they are acting under the Transaction Documents.