FLY Leasing Acquires a New B737-800, its 10th Aircraft Acquisition in 2013
DUBLIN, Oct. 28, 2013 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY), a global lessor of modern commercial jet aircraft, today announced that it has purchased a brand new Boeing B737-800 aircraft. The aircraft is on a long-term lease to a leading Asian airline. The purchase was financed with FLY's unrestricted cash and its acquisition facility.
"FLY has invested significantly in new Boeing aircraft this year as we announce our eighth B737-800, and tenth aircraft addition of 2013, totaling nearly $570 million of acquisitions this year," said Colm Barrington, CEO of FLY. "After selling ten older aircraft earlier in the year, we have focused on renewing our fleet with the addition of the most modern fuel-efficient and in-demand commercial aircraft. Our fleet now totals 109 aircraft on lease to 58 airlines in 34 countries."
FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience. For more information, please visit www.flyleasing.com.
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FLY Leasing Limited
SOURCE FLY Leasing Limited