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Airplane leasing and airplane charter sound somewhat similar but are radically different. In a leasing arrangement there is a contractual agreement for paying for the use and expenses of a particular airplane over a long period of time (several years in general), regardless of its usage patterns. Airplane chartering on the other is a specific arrangement for individual flights as they are taken. In short, leasing has you paying for the airplane regardless if you use it of not, plus you still pay for the actual flight costs (maintenance, fuel, pilot pay, landing fees) each time you fly. Using a charter you only pay for the actual flight when and if you fly on it - ergo, no flying then no expenses.
Guru Spotlight |
Byron White |