The party using the aircraft under the provisions of a lease. The lessee operator of the aircraft must hold the necessary economic and operating authority for the aircraft and must exercise operational control over the aircraft. Accordingly, the lessee must provide the necessary flight and cabin crewmembers, ground personnel, dispatchers and ground facilities to operate the aircraft.
Aircraft can be operated with leasing an aircraft instead of the burden of buying one. There are more commonly two types Wet- leasing which means short term leasing and Dry-leasing meaning longer-term leases. Aircraft leasing would be a best option for people looking for owning an aircraft without high cost of ownership