Fly Leasing Completes Sale Of 12 Aircraft | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-11.10.25

AirborneNextGen-
11.11.25

Airborne-Unlimited-11.12.25

Airborne-Unlimited-11.06.25

AirborneUnlimited-11.07.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Fri, Apr 19, 2019

Fly Leasing Completes Sale Of 12 Aircraft

Portfolio Was Comprised Of Airbus A320 And Boeing B737 Aircraft

Fly Leasing Limited has completed the sale of a portfolio of 12 aircraft for an aggregate price of approximately $295 million. The portfolio was comprised of Airbus A320 and Boeing B737 narrow-body aircraft with an average age of over 10 years.

"This portfolio sale accomplishes several strategic objectives; including generating free cash, reducing leverage, reducing our lessee concentration, and lowering the average age of our fleet," said Colm Barrington, CEO of FLY. "This is another example of how FLY has consistently sold aircraft from its portfolio at premiums to book value, underscoring the strong value of our fleet."

Three sales were recognized in the fourth quarter of 2018, eight sales were completed in the first quarter of 2019, and the final sale was completed in April. The sales were at a premium to net book value. FLY will be reporting its first quarter results on May 9th, as previously announced.

(Source: Fly Leasing news release)

FMI: www.flyleasing.com

Advertisement

More News

Classic Aero-TV: Mayman Aerospace Speeder Dazzles Oshkosh Crowds

From 2023 (YouTube Edition): A Moniker Well-Chosen Founded in 2021 by serial entrepreneur David Mayman and headquartered in New York City, Mayman Aerospace is the designer and manu>[...]

NTSB Prelim: Socata TBM 700

The Controller Provided The Pilot With A Low Altitude Alert And The Altimeter Setting That Was Current At The Time On October 13, 2025, at about 0815 eastern daylight time, a Socat>[...]

ANN's Daily Aero-Term (11.11.25): Outer Marker

Outer Marker A marker beacon at or near the glideslope intercept altitude of an ILS approach. It is keyed to transmit two dashes per second on a 400 Hz tone, which is received aura>[...]

ANN's Daily Aero-Linx (11.11.25)

Aero Linx: Seaplane Pilots Association The Seaplane Pilots Association is the only organization in the world solely focused on representing the interests of seaplane pilots, owners>[...]

Aero-News: Quote of the Day (11.11.25)

“While business aviation is fully included in the FAA’s traffic reductions, we know that our sector will continue to pursue mandatory and voluntary means to ensure we a>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC