The airline leases the aircraft (without crew, maintenance or insurance) from a leasing company, but uses its own flight and cabin crew to operate the aircraft. In the case of finance leases, the aircraft is on the lessee`s balance sheet because it is considered a purchase. A third interesting option for using the ACMI formula is to optimize fleet availability during the high and low season. Imagine a European holiday charterer whose peak season is in European summer (May to September) and whose low season falls in the remaining months. This operator may need to park part of its fleet in winter because the demand for flights is not sufficient. But if, for example, this operator had a partner airline somewhere in South America, where the seasons are exactly opposite to the European seasons, the two airlines could use the ACMI formula for mutual benefit. Not only the plane, but also the crew could be busy all year round and ACMI makes it easy. c) The rental period covers at least 75% of the useful life of the equipment The most important advantage of ACMI in this case is the very short time in which such leasing operations can be started. For all other types of aircraft leasing, the formalities associated with leasing are time-consuming and require many permits or other formal measures. Meanwhile, the airline would lose a huge amount of money due to cancelled flights.
There really is only one major drawback – the cost. ACMI is probably the most expensive way to get an airplane. In fact, it is in some ways similar to leasing a private jet, although in this case it is a Boeing 737 carrying 180 passengers instead of 18. It must be expensive. Dry leases: Dry leases, which include only one aircraft (unmanned, maintained or insured), are a cost-effective alternative to ACMI in the long term. The lessee adds the aircraft to its Air Operator Certificate (ATC) and registers the aircraft, but provides its own crew. Dry leases typically last at least two years, depending on factors such as depreciation, maintenance, and insurance. Hello Mike – helpful article! Under an ACMI contract, do tenants have the aircraft available on call at all times? Or do these leased aircraft return to the operator for maintenance, for example the ATSG and Atlas hubs? For example, in a dynamic phase like Covid-19, would it be possible to recall unused aircraft that are legally leased to help deliver PPE? Stay there safely. A wet lease is similar to a crewed lease – but the tenant has enough cabin crew to perform the leased flights. Damp Leasing is tailored to the specific operational needs of an airline in order to maximize efficiency by eliminating the cost of all (or part) of the cabin crew and VON HOTAC.
If you want to try a plane without buying it, or if you need access to a private plane for a limited time, AirCharter`s “Try Before You Buy” program may be the solution. This short-term rental program is an alternative to buying or chartering. The jets can be rented for any duration of your choice – 1 month, 3 months, 6 months, 1 year or more. The service can be useful in a variety of different situations, from those who need all the benefits of aircraft ownership but without worrying about depreciation, to banks and financial institutions that want to earn income from unused or reoccupied assets, to operators who want to add aircraft to their fleet without having to buy an aircraft. Maintenance – Under an ACMI lease, the lessor is responsible for ensuring that proper maintenance of the aircraft is performed at all times. This means that the lessor must have signed contracts with scheduled maintenance service providers at the airports where the aircraft will be used during the term of the lease. Sometimes, if the tenant has their own maintenance facility, the landlord can use that facility, but the cost is reimbursed in some way. Aircraft leasing, aircraft leasing, aircraft leasing types and options, aircraft maintenance reserves Also known as capital lease based on compliance with one of the following conditions: Dry lease requires the lessee to place the aircraft on its own Air Operator Certificate (ATC) and submit an air registration. Once the customer has gone through the process, the transaction can usually be returned within 2-3 weeks and a plane can be delivered. During the term of the lease, AirCharter will provide a monthly operating cost report to allow for an actual evaluation of the aircraft and its operating prices. .