50 SKY SHADES - World aviation news

FLY Leasing Acquires New Boeing 737-800

Download: Printable PDF Date: 01 Sep 2015 08:27 category:
Publisher:
FLY Leasing Acquires New Boeing 737-800 - Finance publisher
Tatjana Obrazcova

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 visitwww.flyleasing.com.



Loading comments for FLY Leasing Acquires New Boeing 737-800...


Recommended

Aircraft data and enhance predictive maintenance capabilities - Airbus and United Airlines

United Airlines has become the latest U.S. airline to connect to Airbus’ open-data platform, Skywise, following an agreement recently signed between the airline and Airbus. United will leverage...

New partnership to Develop Interior for Overture, Mach-2.2 Airliner

Boom Supersonic has partnered with JPA Design to develop the cabin interior for Overture, its Mach-2.2 commercial airliner. JPA Design has created interiors for the most prestigious airlines...

UAS delighted to receive fourth Sapphire Pegasus Business Aviation Award

Congratulations! UAS International Trip Support (UAS) has been lauded as winner of the Innovation in Business Aviation Category at the 2019 fourth annual Sapphire Pegasus Business Aviation&n...

New Flying Vehicle Concept for Future Urban Air Mobility by EmbraerX

Welcome a new electric flying vehicle concept by EmbraerX!​ The aircraft concept, with electric vertical take-off and landing capability, known as eVTOL, is part of the EmbraerX multi-project appro...