Todd: Alexandra, you worked at an airport before. You said you worked in Aviation.

 

Alexandra: Yes, my previous job was write contracts for an aviation company and we bought and sold airplanes and aircraft engines, so we did a lot of marketing and leasing and speaking to people from different countries, and airlines wanting to buy 

equipment, so a lot of negotiations.

 

Todd: Can you explain what leasing is?

 

Alexandra: Leasing is when our company owns a piece of equipment, either an airplane or an engine and a customer has a need, for example, if their airplane has to do some maintenance, and they need a replacement, then we will let them use our airplane for a certain amount of months, like you rent a car, same thing, same idea.

 

Todd: Oh, wow. And you lease not only the plane but engines as well?

 

Alexandra: Sometimes you have an airplane that's delayed at the airport because of some reason and they need to swap an engine out, or whatever.

 

Todd: Right before the plane takes off, they sometimes switch engines?

 

Alexandra: They'll take the passengers off and put them on another plane cause it takes a lot longer than the 10 or 15 minute turnaround, but, you will have, it's more an emergency type of situation, so they'll take the engine off, and it might be and overnight deal so we go ahead and furnish a replacement engine until they can move that plane back to where it belongs or have the engine repaired.

 

Todd: So can you lease a pilot?

 

Todd: You can, yes, you can lease a crew. Yes! It's called a wet lease, and we used to do dry leases meaning we only provided the equipment but a wet lease includes a full crew that will fly the airplane, flight attendants, etc.