What is characteristic of wet leases regarding lease duration?

Wet leases are typically characterized by their shorter duration, often spanning from one to several months. This arrangement allows the lessee to quickly access aircraft and crew services without a long-term commitment. Such flexibility is beneficial for airlines that may need extra capacity during peak travel seasons or for short-term projects without the complexities involved in long-term leases.

The nature of wet leasing is often driven by immediate operational needs, allowing airlines to respond swiftly to market demands or unforeseen circumstances. This is contrasted with long-term leases, which usually entail more involved agreements and commitments. Wet leases can serve specific operational goals, making them ideal for temporary increases in capacity.