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.
EHang has announced the expansion of its Global Fast Track Program to Vietnam, making it the second country to join the initiative after Sri Lanka. The program’s launch in Hanoi also marks...
VINCI Airports has announced a landmark £500 million investment programme for Edinburgh Airport over the next five years, marking the largest investment in the airport's history. The initiat...
Boeing and Biman Bangladesh Airlines announced the national carrier placed an order for 11 787 Dreamliner and 737 MAX airplanes to grow and renew its fleet. The purchase, which includes five 787-10 an...
The business aviation landscape is evolving rapidly. Client expectations are shifting, demand for unique travel experiences is on the rise, and aircraft acquisitions remain resilient despite geopoliti...
