Aircraft leasing can be considered an alternative to purchasing
an aircraft, and may offer advantages to some aircraft operators. A
lease agreement can provide flexibility to operators by enabling
them to take aircraft in and out of use more easily through
shorter-term commitments. Aircraft leasing can be arranged as a wet
lease (ie, the aircraft along with its crew, maintenance and
insurance)1 or a dry lease (ie, without crew,
maintenance and insurance).
The holder of an air operator certificate issued by the Civil
Aviation Authority that wishes to dry lease or lease out an
aircraft under an agreement that will necessitate the transfer or
acceptance of safety oversight responsibilities to or from another
contracting state (in accordance with Article 83bis of the
Civil Aviation Act) should submit an application to the Turkish
authority indicating the likelihood of transferring oversight
duties and responsibilities to the authority in the state of
operation.2 Before
