Fly Leasing’s acquisition approved AirAsia shareholders

victoria@aviationnews-online.com
By victoria@aviationnews-online.com May 16, 2018 16:22

Fly Leasing’s acquisition approved AirAsia shareholders

Fly Leasing has announced that all agreements relating to FLY’s acquisition of 55 Airbus narrow-body aircraft and seven CFM engines on operating lease, and the option to purchase an additional 20 Airbus A320neo family aircraft, were approved by the shareholders of AirAsia Group Berhad (AirAsia) at their extraordinary general meeting on May 14, 2018.

“The positive vote by AirAsia’s shareholders was the final approval needed to complete the acquisition,” said Colm Barrington, CEO of FLY. “The addition of these aircraft and engines will grow FLY’s fleet significantly and will drive improved returns for our shareholders. We look forward to completing the transfer of the 34 aircraft and seven engines that comprise the initial part of the transaction by the end of the third quarter.”

victoria@aviationnews-online.com
By victoria@aviationnews-online.com May 16, 2018 16:22