ACMI
ACMI stands for Aircraft, Crew, Maintenance and Insurance, the four things the lessor provides in a full wet lease; the lessee pays for fuel, handling, navigation charges, catering and taxes. The structure is common in the airline world and increasingly in business aviation when an operator needs extra lift for a season or a fleet gap, or when a large-cabin aircraft or bizliner is chartered for a tour or government mission. ACMI contracts are quoted as an hourly rate with a minimum monthly utilisation, so the customer carries the risk of not flying enough hours. For a traveller booking a single trip it is not a relevant product; for owners and operators it is a way to monetise idle aircraft.