FLY Leasing Q4 and Full Year 2014 Financial Results

FLY Leasing has reported a Net income of $15.5 million, $0.37 per share, for the fourth quarter of 2014 and total revenues of $120.3 million, 40% up on Q4 2013. For the full year 2014, net income was $56.1 million, or $1.32 per share, total revenues were $426.7 million, 15% up on prior year. FLY Leasing grew its portfolio value by 22% to $3.7 billion in 2014 and invested $951.5 million in 22 aircraft. The lessor sold eight aircraft for a net gain of $18.9 million and ended the year with unrestricted cash of $337.6 million. FLY has paid four