Pakistan International Airlines 777 Grounded in Malaysia Over Unpaid Lease

I keep watching for an article about PK going Chapter 11.

Unless you're Russia, in which case you cannibalize everything until it makes a crater covered with ground meat.

annoying? Yes. Emasculating and vaporizing? Really????

Wet lease and dry lease are two types of lease agreements for aircraft1. The main difference between them is who has operational control of the flight234. In a wet lease, the lessor provides the aircraft and the crew, as well as maintenance and insurance25. The lessor has operational control and uses the flight number of the lessee1. A wet lease usually lasts between 2 to 24 months and may be used for launching new routes, peak seasons, or flying into restricted countries1. In a dry lease, the lessee provides the crew and puts the aircraft on its own air operator's certificate (AOC) and air registration1. The lessee has operational control and is responsible for fuel and maintenance5. A dry lease is typically used for Part 91 operations, while a wet lease requires a commercial operating certificate5