Fly Leasing reports fourth quarter and full year 2017 results

Fly Leasing’s net income for the fourth quarter of 2017 was $7.2 million, or $0.25 per share – on an adjusted basis net income was $30.9 million, $1.09 per share. During this period, Fly also refinanced and extended $375.0 million of unsecured notes, completed a new $332 million secured debt facility and repurchased 715,934 shares. For the full year 2017, Fly’s net income reached $2.6 million or $0.09 per share ($66.6 million on an adjusted basis) – this compares to a net loss of $63.8 million, or $1.98 per share, for the same period in 2016. The financial results for