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-05.20.24

Airborne-NextGen-05.21.24

Airborne-Unlimited-05.22.24 Airborne-FlightTraining-05.23.24

Airborne-Unlimited-05.24.24

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

Airborne 05.22.24: NS-25 Chute Failure, #HonorTheWASP, SkyCourier 'Combi'

Also: VAI v Anti-Heli Actions, Electric Aircraft Symposium, 2024 FAA Drone/AAM Symposium, Gravitymaster Blue Origin's seventh passenger flight ended with a smidgeon of drama when o>[...]

Airborne 05.20.24: Van's BK Exit, Bud Anderson, Air Race Classic

Also: ALPA Warns, Aviation Meteorology Reference, Jennifer Homendy Re-Ups, CAF Tampa Bay The court has approved Van's Aircraft's bankruptcy reorganization plans, settling a stressf>[...]

Airborne 05.24.24: NPS Kills Rushmore Flyover, VAI v NYC, New Reno Home-Roswell!

Also: Samson Sky, CAF Great Plains Wing, New Cert Standards, Flying Start Day There are, occasionally, blisteringly dunderheaded bits of governmental incompetence to be found with >[...]

Airborne-NextGen 05.21.24: ‘Liberty Lifter’, Cavorite Flies!, Eurodrone

Also: AMA National Fun Fly, Skyfire SF2, Echodyne Gets BVLOS, Av Meteorology Reference General Atomics' run at developing the Liberty Lifter ground effect aircraft has been put to >[...]

Aero-News: Quote of the Day (05.24.24)

“We’re thrilled to bring our honored tradition of racing to Roswell and are confident that they have both the enthusiasm and resources to expand the future of our races>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC