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)