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Aircraft Leasing Classifications

Posted on by admin

The difference between Wet and Dry leases is regulated by the FAA and their Truth-in-Leasing Advisory and it directly impacts how one is taxed by the IRS. A wet lease is basically a lease that includes the aircraft and the crew and a dry lease does not include the crew.

We found a great article well worth the read on this subject and one that anyone currently leasing aircraft or thinking about it should definitely read the article posted on Conklin & de Decker’s site.