FLY Leasing acquires another 777

Dino D'Amore
By Dino D'Amore September 17, 2015 19:34

FLY Leasing acquires another 777

FLY Leasing has acquired a new 777-200LRF aircraft in a sale and leaseback transaction with an unnamed carrier on a 12-year lease. The new 777 is the firm’s first and joins FLY’s portfolio of 96 Boeing and Airbus aircraft.

Colm Barrington, CEO of FLY, said: “We are continuing to deploy our capital prudently, adding attractively-priced new aircraft to our fleet, and are now well on our way towards our goal of investing $750m in aircraft acquisitions this year, further improving our fleet metrics and increasing FLY’s earnings and ROE.”

Dino D'Amore
By Dino D'Amore September 17, 2015 19:34