DUBLIN, Ireland, July 10, 2017 /PRNewswire/ -- FLY Leasing
Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing,
today announced the purchase of four new aircraft, including a new
Boeing 787 Dreamliner and a new Boeing 737 MAX 8, the first 737 MAX
to join FLY's fleet. The 787 is on a 12-year lease to a European
airline and the 737 MAX 8 is on a 12-year lease to an Asian
carrier. FLY also acquired a new Boeing 737-800 on a 10-year lease
to a flag carrier in Europe and a
new Airbus A320-200 on a 12-year lease to an airline in
Asia.
"We continue to find attractive deals to grow our fleet with top
quality aircraft on long leases to leading airlines," said
Colm Barrington, CEO of FLY. "We are
thrilled to have added our first new generation 737 MAX 8 to the
fleet and to have added our fifth 787. We also continue to add to
our growing number of 737-800s and A320s, which are the most
in-demand commercial narrowbody aircraft. Our pipeline of deals is
strong and we look forward to announcing more acquisitions in the
near future."
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
View original content with
multimedia:http://www.prnewswire.com/news-releases/fly-leasing-acquires-four-new-aircraft-300485028.html
SOURCE FLY Leasing Limited