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Meaning of “dry lease” in the English Dictionary

"dry lease" in Business English

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dry leasenoun [C or U]

uk   us  
TRANSPORT an agreement to lease (= pay to use) an aircraft without employing a pilot: It is the largest of several companies which supply aircraft to airlines on dry lease.
dry lease
verb [T]
Two of the aircraft have been dry leased from a bankrupt American airline.
(Definition of dry lease from the Cambridge Business English Dictionary © Cambridge University Press)
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“dry lease” in Business English

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