DUBLIN, Sept. 1, 2015 /PRNewswire/ -- FLY Leasing Limited
(NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today
announced it has acquired a new Boeing 737-800 aircraft in a sale
and leaseback transaction with an airline. The aircraft is on lease
until 2027.
"This brand new B737-800 is our latest acquisition as we look to
deploy capital to grow earnings," said Colm
Barrington, CEO of FLY. "Following our recent sale of a
large group of mid-aged aircraft from our fleet, we are on track to
invest more than $750 million in
aircraft acquisitions this year, which will further reduce our
fleet age, enhance our earnings and increase our ROE. Meanwhile our
average lease term is also increasing."
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