Wet-leased

• CTC gains may take five years, says Aero MD, Capt Sanusi • Laments huge capital flight • Dry-lease deal not retroactive-Aligbe For years, the sleek, modern jets that crisscrossed the nation’s major cities were often just fleeting shadows, wearing the livery of a local carrier but flown, maintained, and insured by a foreign lessor. This expensive arrangement, known as a wet lease (Aircraft, Crew, Maintenance, and Insurance – ACMI), became the default, not by…