DUBLIN, July 26, 2016 /PRNewswire/ -- FLY Leasing Limited
(NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today
announced the purchase of five aircraft. Three Boeing 787-8
Dreamliner aircraft were purchased in a sale and leaseback
transaction with a leading flag carrier. The aircraft are on
12-year leases. In addition, FLY purchased two Boeing 737-800
aircraft from a South American airline, which it has leased to a
leading Asian carrier on six-year leases.
"FLY now has four B787s, which is Boeing's newest and most
modern aircraft and is flown by leading airlines globally," said
Colm Barrington, CEO of FLY. "We
also continue to add to our fleet of B737-800s, which is a
workhorse of the global airline industry and has maintained its
strong value. As we continue to execute on our fleet rejuvenation,
our fleet metrics and profitability will continue to improve. Our
robust liquidity position and nimble approach to aircraft
acquisitions provides us with the financial flexibility to deploy
our resources opportunistically to enhance stakeholder
returns."
About FLY
FLY is a 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.
Contact:
Matt Dallas
FLY Leasing Limited
+1 203-769-5916
ir@flyleasing.com
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SOURCE FLY Leasing Limited