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-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Mon, Dec 10, 2018

Fly Leasing To Sell 12 Aircraft

Sales To Be Completed By March 31, 2019

Fly Leasing Limited has contracted to sell 12 narrowbody aircraft from its portfolio. The 12 aircraft have a weighted average age of 10.6 years and an average remaining lease term of 3.2 years.

FLY anticipates the sales will generate in excess of $125 million of cash after repaying debt and satisfying other transaction-related expenses. It is expected that the sales will be completed by March 31, 2019.

"These sales meet several strategic objectives, particularly reductions in our leverage and our lessee concentrations. We expect to announce more sales over the coming months as we prepare for our growth pipeline of more than $2 billion of A320neo family aircraft that begin delivering in 2019," said Colm Barrington, CEO of FLY.

Following these sales, FLY's fleet will comprise 104 aircraft with an average age of less than seven years and on lease to 44 airlines in 24 countries.  FLY has signed commitments to acquire 21 new A320neo family aircraft delivering between 2019 and 2021 and has options to acquire 20 more A320neo family aircraft delivering between 2019 and 2025.

(Source: Fly Leasing news release)

FMI: www.flyleasing.com

Advertisement

More News

KidVenture Educational Activities Lineup At EAA AirVenture 2025

Youth Explore With Hands-On Builds, RC Airplanes, Flight Sims, Much More KidVenture is located just north of the EAA Aviation Museum, at Pioneer Airport, and has arranged a myriad >[...]

Aero-News: Quote of the Day (07.07.25)

“About nine decades ago, Amelia Earhart was recruited to Purdue, and the university president later worked with her to prepare an aircraft for her historic flight around the >[...]

Airborne 07.07.25: Sully v Bedford, RAF Vandalism, Discovery Moving?

Also: New Amelia Search, B737 Flap Falls Off, SUN ‘n FUN Unveiling, F-16 Record Captain Sully Sullenberger, the pilot who saved 155 people by safely landing an A320 in the Hu>[...]

Aero-News: Quote of the Day (07.08.25)

"It is critically important for North American flight safety that Temporary Flight Restriction (TFR) violations are avoided. All pilots must familiarize themselves with updates to >[...]

Airborne-NextGen 07.08.25: Joby in Dubai, Army Electra, Archer iin Abu Dhabi

Also: Hackers v Aviation, Discovery Moving?, Gogo Galileo HDX, EVE to Costa Rica Joby Aviation announced its electric air taxi successfully completed a series of VTOL wingborne tri>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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