FLY Leasing Acquires Two B737-800s
DUBLIN, Aug. 28, 2012 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global lessor of modern commercial jet aircraft, today announced that it has acquired two Boeing 737-800 aircraft manufactured in 1998. The aircraft are on lease to Transaero, a leading Russian international airline.
The new acquisitions were financed with secured bank debt and FLY's free cash.
"The B737-800 is the most popular commercial aircraft in the world and is in high demand from airlines," said Colm Barrington , CEO of FLY. "BBAM, our manager and servicer, continues to provide us with unique opportunities to execute on our prudent growth strategy and these two aircraft will enhance FLY's net income and EPS."
FLY now has a fleet of 110 aircraft on lease to 53 airlines in 29 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 about FLY, please visit our website at www.flyleasing.com.
FLY Leasing Limited
SOURCE FLY Leasing Limited
More by this Source
FLY Leasing Re-Prices 2012 Term Loan
May 16, 2013, 16:30 ET
FLY Leasing To Present at Wells Fargo Conference on May 8, 2013
May 07, 2013, 09:00 ET
FLY Leasing Reports First Quarter 2013 Financial Results
May 02, 2013, 07:00 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.