FLY acquires one 737-800

Dino D'Amore
By Dino D'Amore September 3, 2015 19:54

FLY acquires one 737-800

FLY Leasing 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.”

Dino D'Amore
By Dino D'Amore September 3, 2015 19:54