APICS Certified in Logistics, Transportation and Distribution (CLTD) — Question 2

Which of the following terms refer to the contract leasing of an airplane where only the equipment, maintenance, and insurance are include?

Answer options

• A. Wet lease
• B. Dry lease
• C. Damp lease
• D. ACMI lease

Correct answer: A

Explanation

A wet lease involves the leasing of an aircraft along with its crew, maintenance, and insurance, which is why it is the correct answer. In contrast, a dry lease typically does not include crew or operational services, while damp leases and ACMI leases involve varying levels of service that do not align with the specific definition asked in the question.