Aviation Glossary
12A comprehensive glossary of aviation terms, acronyms, and technical jargon explained in plain language.
Aircraft Leasing
The practice of airlines acquiring aircraft through operating or finance leases rather than outright purchase, now covering over 50% of the global commercial fleet.
Airlines & IndustryAirline Alliance
A formal partnership among airlines to coordinate schedules, codeshares, and frequent flyer programs.
Airlines & IndustryAirport Slot
A regulatory permission authorizing an airline to use a runway at a specific time at a capacity-constrained airport.
Airlines & IndustryAncillary Revenue
Income earned by airlines beyond the base ticket fare, including fees for baggage, seat selection, onboard sales, and partner commissions.
Airlines & IndustryCodeshare
An arrangement where two or more airlines share the same physical flight under their own flight numbers.
Airlines & IndustryHub-and-Spoke
A network model where flights from many origins connect through a central hub airport before continuing to destinations.
Airlines & IndustryIATA Code
Two-letter codes identifying airlines and three-letter codes identifying airports, assigned by the International Air Transport Association.
Airlines & IndustryICAO Code
Four-letter alphanumeric codes assigned by the International Civil Aviation Organization to identify airports and airlines worldwide.
Airlines & IndustryLow-Cost Carrier (LCC)
An airline that minimizes operating costs to offer significantly lower base fares than traditional full-service carriers.
Airlines & IndustryRoute Proving Flight
Test flights conducted on a new route before commercial service begins to verify operational procedures, fuel calculations, alternates, and regulatory compliance.
Airlines & IndustryWet Lease
An arrangement where one airline provides another with an aircraft complete with crew, maintenance, and insurance.
Airlines & IndustryYield Management
A pricing strategy that adjusts airfares dynamically based on demand, booking timing, seat availability, and passenger segment.
Airlines & Industry