FLY LEASING ACQUIRES TWO 737-800S AND SELLS TWO AIRCRAFT

FLY Leasing has acquired two Boeing 737-800 aircraft, one on lease to Air China and one on lease to Korean Air. The purchase price for both aircraft totaled approximately $62 million, which was financed from FLY’s unrestricted cash and new bank debt. FLY also announced that it has sold two aircraft from its portfolio for a total of $139 million. The aircraft sold were a 777-200ER on lease to KLM and a 737-800 on lease to SpiceJet. Both aircraft were sold at a premium to their net book value. “The purchase of these B737-800s adds two more attractive aircraft on