DUBLIN, Dec. 16, 2014 /PRNewswire/ -- Growing its fleet to 127 aircraft, FLY Leasing Limited (NYSE: FLY), a global lessor of modern commercial jet aircraft, today announced it has delivered the last of three Boeing 737-800 aircraft to a leading Asian airline. The three new aircraft are on 10-year leases.
"FLY has acquired 22 newer aircraft this year, while divesting of older models, which is transforming our fleet and driving strong growth in our lease revenues," said Colm Barrington, CEO of FLY. "For two consecutive years, FLY has grown its fleet by 15% or more, while at the same time returning capital to shareholders with its attractive quarterly dividend. With a strong balance sheet and a nimble strategy that allows us to act quickly to take advantage of opportunities in the market, FLY is in an excellent position to continue delivering both strong growth and income to its shareholders."
FLY Leasing is global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY acquires and leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide leader in aircraft lease management and financing. For more information visit www.flyleasing.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for FLY's future business and financial performance. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. Further information on the factors and risks that may affect FLY's business is included in filings FLY makes with the Securities and Exchange Commission from time to time, including its Annual Report on Form 20-F and its Reports on Form 6-K. FLY expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.
Matt Dallas FLY Leasing Limited +1 203-769-5916 firstname.lastname@example.org
SOURCE FLY Leasing Limited