dry lease Meaning in the Cambridge English Dictionary

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 ​supplyaircraft 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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