Mon, Apr 29, 2013
New Airplane Will Fly In An Asian Carrier's Livery
Airline leasing company FLY Leasing Limited has acquired a 2013 manufactured Boeing 737-800 aircraft on a 12-year lease to a leading low-cost carrier in Asia. The acquisition was funded with a combination of FLY's unrestricted cash and the $250 million aircraft acquisition facility that was closed in November 2012.
"The B737-800 is an excellent commercial aircraft in strong global demand and this acquisition makes it the 38th B737 Next Generation aircraft in FLY's fleet," said Colm Barrington, CEO of FLY. "Following the sale of nine older aircraft in the first quarter, the addition of this new aircraft demonstrates our focus on improving and renewing the fleet. FLY has substantial resources available for growth, with approximately $220 million of remaining availability in our aircraft acquisition facility and a significant balance of unrestricted cash."
"We will continue to focus on our strategy of acquiring young, modern and popular commercial jet aircraft, leased to a diverse group of global airlines," added Barrington.
FLY acquires and leases commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines. FLY is managed and serviced by BBAM LP.
What is iFlightPlanner? iFlightPlanner is general aviation’s most comprehensive suite of easy-to-use flight planning tools for private and corporate pilots. Featuring iFlight>[...]
Meet Jim Campbell--Wednesday/Thursday/Friday, At Sportys Pilot Shop--Display Area #260A, At 1300 Each Day And Get Your Signed Copy of Beyond The Blue!!! To Aviation Journalist and >[...]
Also: Hartzell Accessorizes, Lycoming's 85th, New Continental Diesel, Pelton Intvw-Part 2, DeltaHawk Diesel Update Mooney CEO Dr. Jerry Chen handed the keys for the first new Accla>[...]
IMC Clubs: Building Instrument Proficiency Through Community When it comes to flying, there is no substitute for proficiency and training. And maybe nowhere is that more important >[...]
Concorde Charges Up Our Oshkosh 2014 Coverage! Concorde Battery Corporation has been in the battery manufacturing business for over 30 years and is the world leader in Valve Regula>[...]