Fly Leasing To Sell 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-12.08.25

AirborneNextGen-
12.09.25

Airborne-Unlimited-12.10.25

Airborne-AffordableFlyers-12.11.25

AirborneUnlimited-12.12.25

AFE 2025 LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Fri, Jul 12, 2019

Fly Leasing To Sell 12 Aircraft

Average Age Of The Airbus And Boeing Aircraft Is Eight Years

Ireland-based Fly Leasing Limited has contracted to sell a portfolio of 12 aircraft, comprised of Airbus A320s and Boeing 737s with an average age of eight years.

"These sales are at an aggregate gain to book value, build free cash, reduce leverage, manage lessee concentration and lower the average age of FLY's fleet," said Colm Barrington, CEO of FLY. "FLY has a committed pipeline of 21 new A320neo family aircraft that begin delivering later this year and has the capacity to add over $2 billion of assets to its fleet."

FLY anticipates the sales will generate in excess of $125 million of cash after repaying debt related to the aircraft and satisfying other transaction expenses. The sales are expected to be completed in the third quarter of 2019. Following the sales, FLY's fleet will comprise 86 aircraft with a weighted average age of approximately seven years and on lease to 39 airlines in 21 countries.  

(Source: Fly Leasing news release)

FMI: www.flyleasing.com

Advertisement

More News

ANN's Daily Aero-Linx (12.12.25)

Aero Linx: Commercial Aviation Safety Team (CAST) Founded in 1997, the Commercial Aviation Safety Team (USCAST) has developed an integrated, data-driven strategy to reduce the comm>[...]

ANN's Daily Aero-Term (12.12.25): Land And Hold Short Operations

Land And Hold Short Operations Operations that include simultaneous takeoffs and landings and/or simultaneous landings when a landing aircraft is able and is instructed by the cont>[...]

ANN FAQ: How Do I Become A News Spy?

We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]

NTSB Final Report: Cirrus Design Corp SF50

Pilot’s Inadvertent Use Of The Landing Gear Control Handle Instead Of The Flaps Selector Switch During The Landing Rollout Analysis: The pilot reported that during the landin>[...]

Airborne 12.08.25: Samaritan’s Purse Hijack, FAA Med Relief, China Rocket Fail

Also: Cosmonaut Kicked Out, Airbus Scales Back, AF Silver Star, Russian A-60 Clobbered A Samaritan’s Purse humanitarian flight was hijacked on Tuesday, December 2, while atte>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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