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Wet Lease
Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons: to operate aircraft without the financial burden of buying them, and to provide temporary increase in capacity. The industry has two main leasing types: wet-leasing, which is normally used for short-term leasing, and dry-leasing which is more normal for longer-term leases. The industry also uses combinations of wet and dry. For example, when the aircraft is wet-leased to establish new services, then as the airline's flight or cabin crews become trained, they can be switched to a dry lease. Market Operating leases of jet airliner accounted for less than 2% of the fleet in 1976, then 15% in the early 1990s, 25% in 2000 and 40% in 2017, with lessors involved in 62% of second hand mid-life aircraft transactions since 2000: 42% in Europe and 29% in North America. In 2015, over $120 billion of commercial aircraft were delivered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lease
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it can r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Operating Lease
The expression "operating lease" is somewhat confusing as it has a different meaning based on the context that is under consideration. From a product characteristic stand point, this type of a lease, as distinguished from a finance lease, is one where the lessor takes larger residual risk, whereas finance leases have no or a very low residual value position. As such, the operating lease is non full payout. From an accounting stand point, this type of lease (if it fails to meet varied criteria that define a finance lease) results in off balance sheet financing which can be advantageous for companies in terms of gearing and other accounting ratios. The determination of whether a lease is a finance (also called capital) lease or an operating lease from an accounting point of view is defined in the United States bStatement of Financial Accounting Standards No. 13 (FAS 13) In countries covered by International Financial Reporting Standards, the tests are defined iIAS 17 In July 2006, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Sinai
Air Sinai ( ar, سيناء للطيران ') was an airline based in Cairo, Egypt. It operated as a 'paper airline' for parent company Egyptair under a wet lease-like agreement to serve flights exclusively between Egypt and Israel. History The Egypt–Israel peace treaty signed in March 1979 stipulated that there must be active civilian aviation routes between Egypt and Israel. To fulfill the treaty, Air Sinai was established in 1982 to fly scheduled services between Egypt and Israel (on routes previously flown by Nefertiti Aviation), which for political reasons could not be handled by parent company Egyptair. Services started using a Boeing 737-200 leased from Egyptair and new routes from Egypt's tourist destinations followed. By the mid-1980s a Fokker F27 Friendship was also in use on these services. During 1982, a Boeing 707-320C was leased and operated on behalf of Egyptair on their flights to Europe, especially twice weekly from Cairo to Copenhagen. Due to the tense Egypt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tel Aviv
Tel Aviv-Yafo ( he, תֵּל־אָבִיב-יָפוֹ, translit=Tēl-ʾĀvīv-Yāfō ; ar, تَلّ أَبِيب – يَافَا, translit=Tall ʾAbīb-Yāfā, links=no), often referred to as just Tel Aviv, is the most populous city in the Gush Dan metropolitan area of Israel. Located on the Israeli coastal plain, Israeli Mediterranean coastline and with a population of , it is the Economy of Israel, economic and Technology of Israel, technological center of the country. If East Jerusalem is considered part of Israel, Tel Aviv is the country's second most populous city after Jerusalem; if not, Tel Aviv is the most populous city ahead of West Jerusalem. Tel Aviv is governed by the Tel Aviv-Yafo Municipality, headed by Mayor Ron Huldai, and is home to many List of diplomatic missions in Israel, foreign embassies. It is a Global city, beta+ world city and is ranked 57th in the 2022 Global Financial Centres Index. Tel Aviv has the List of cities by GDP, third- or fourth-largest e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cairo
Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo metropolitan area, with a population of 21.9 million, is the 12th-largest in the world by population. Cairo is associated with ancient Egypt, as the Giza pyramid complex and the ancient cities of Memphis and Heliopolis are located in its geographical area. Located near the Nile Delta, the city first developed as Fustat, a settlement founded after the Muslim conquest of Egypt in 640 next to an existing ancient Roman fortress, Babylon. Under the Fatimid dynasty a new city, ''al-Qāhirah'', was founded nearby in 969. It later superseded Fustat as the main urban centre during the Ayyubid and Mamluk periods (12th–16th centuries). Cairo has long been a centre of the region's political and cultural life, and is titled "the city of a thousand m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, ur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea, and shares borders with Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. Israel also is bordered by the Palestinian territories of the West Bank and the Gaza Strip to the east and west, respectively. Tel Aviv is the economic and technological center of the country, while its seat of government is in its proclaimed capital of Jerusalem, although Israeli sovereignty over East Jerusalem is unrecognized internationally. The land held by present-day Israel witnessed some of the earliest human occupations outside Africa and was among the earliest known sites of agriculture. It was inhabited by the Canaanites ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EgyptAir
Egyptair (Egyptian Arabic Egyptian Arabic, locally known as Colloquial Egyptian ( ar, العامية المصرية, ), or simply Masri (also Masry) (), is the most widely spoken vernacular Arabic dialect in Egypt. It is part of the Afro-Asiatic language family, and o ...: , ') is the State ownership, state-owned flag carrier of Egypt. The airline is headquartered at Cairo International Airport, its main hub, operating scheduled passenger and freight services to 81 destinations in the Middle East, Europe, Africa, Asia,and The Americas. Egyptair is a member of Star Alliance. History Early years: Misr Airwork (1932–1949) Alan Muntz, chairman of Airwork Services, Airwork, visited Egypt in 1931; at that time, he expressed his intention of starting up a new airline in the country. The new enterprise was named ''Misr Airwork'', with ″Misr″ being Arabic for Egypt. On 31 December 1931, the government granted the new company the exclusivity of air transport operations. A divi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Block Seat
Block or blocked may refer to: Arts, entertainment and media Broadcasting * Block programming, the result of a programming strategy in broadcasting * W242BX, a radio station licensed to Greenville, South Carolina, United States known as ''96.3 the Block '' * WFNZ-FM, a radio station licensed to Harrisburg, North Carolina, United States, branded as ''92.7 The Block'' * Blocked (''The Flash''), an episode of the television series ''The Flash'' Music * Block Entertainment, a record label * Blocks Recording Club, a record label * Woodblock (instrument), a small piece of slit drum made from one piece of wood and used as a percussion instrument * "Blocks", by C418 from '' Minecraft - Volume Beta'', 2013 Toys * Toy block, one of a set of wooden or plastic pieces, of various shapes * Unit block, a type of standardized wooden toy block for children Video game * Blocked (video game), a puzzle game for the iPhone and iPod Touch Building and construction * Breeze block, cinder block o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Code Share
In communications and information processing, code is a system of rules to convert information—such as a letter, word, sound, image, or gesture—into another form, sometimes shortened or secret, for communication through a communication channel or storage in a storage medium. An early example is an invention of language, which enabled a person, through speech, to communicate what they thought, saw, heard, or felt to others. But speech limits the range of communication to the distance a voice can carry and limits the audience to those present when the speech is uttered. The invention of writing, which converted spoken language into visual symbols, extended the range of communication across space and time. The process of encoding converts information from a source into symbols for communication or storage. Decoding is the reverse process, converting code symbols back into a form that the recipient understands, such as English or/and Spanish. One reason for coding is to enab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aircraft Maintenance Checks
Aircraft maintenance checks are periodic inspections that have to be done on all commercial and civil aircraft after a certain amount of time or usage. Military aircraft normally follow specific maintenance programmes which may, or may not, be similar to those of commercial and civil operators. Commercial aviation Airlines and other commercial operators of large, or turbine-powered, aircraft follow a continuous inspection program approved by the Federal Aviation Administration (FAA) in the United States, or by other airworthiness authorities such as the Transport Canada Civil Aviation Directorate (TCCA), or the European Aviation Safety Agency (EASA). Each operator prepares a Continuous Airworthiness Maintenance Program (CAMP) under its Operations Specifications or "OpSpecs". The CAMP includes both routine and detailed inspections. FAA Maintenance Review Board In the United States the FAA directs that initial aircraft maintenance requirements be generated for each aircraft type i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flight Number
In the aviation industry, a flight number or flight designator is a code for an airline service consisting of two-character airline designator and a 1 to 4 digit number. For example, "BA 98" is a British Airways service from Toronto-Pearson to London-Heathrow. A service is called " direct" if it is covered by a single flight number, regardless of the number of stops or equipment changes. For example, "WN 417" flies from Jacksonville to Baltimore to Oakland to Los Angeles on Southwest Airlines. A given flight segment may have multiple flight numbers on different airlines under a code-sharing agreement. Strictly speaking, the flight number is just the numerical part, but it is commonly used for the entire flight designator. The flight designator of the operating carrier of a commercial flight is used as a call sign. This is distinct from the aircraft's registration number, which identifies a specific airplane. Conventions A number of conventions have been developed for defi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
