Jet Airways has initiated fresh talks with Bahrain's national carrier Gulf Air and Oman Air to convert wet lease agreements into dry lease for the four Boeing 777s and two Airbus 330s respectively. The wet lease agreement with Gulf and Oman Air will end in October and November of the current calendar year. Wet lease refers to an agreement under which aircraft is leased with crew, insurance etc, whereas under dry lease, just the aircraft is leased out.
Source:
India Times