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Tue, Aug 12, 2014

FLY Leasing Acquires Two New Aircraft

One Each From Boeing And Airbus

Continuing its fleet growth, FLY Leasing Limited says it has acquired a Boeing 737-800 to be leased to a leading airline in North America and an Airbus A330-300 on lease to a leading airline in Asia. The Airbus aircraft is the first of three A330s that FLY is acquiring in a sale and leaseback transaction with the Asian airline.

"With more than $460 million of acquisitions this year, FLY is focused on continuing its strong fleet growth with the most in-demand aircraft types," said Colm Barrington, CEO of FLY. 

"These new acquisitions, combined with our sales of older aircraft – which have been sold at gains to book value – have reduced the average age of FLY's fleet to 8.7 years at the end of the second quarter."

FLY now has a fleet of 120 aircraft on lease to more than 65 airlines in over 35 countries.

FMI: www.flyleasing.com

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