Hi!
The airline I fly for just signed an ACMI PAX agreement. The co. is paying us for 1600 hours for the year. We provide the A/C, crews and maintenance.
They provide the money for the 1600 hours, the fuel, airport fees/taxes, and the PAX processing costs (ticketing, etc.).
So, we get the money for 1600 hours this year, regardless of how much we actually fly (unless we're OVER 1600, then we get more), and they pay all the fuel costs.
cliff
YIP