FLY Leasing buy three new 737-800s

FLY Leasing has signed agreements with a leading Asian airline to purchase and lease back three new Boeing 737-800 aircraft. FLY has delivered the first aircraft, with the two remaining aircraft due for delivery during the current quarter. “We are continuing our strong fleet growth with the addition of three new B737-800s, increasing our total acquisitions this year to 19 aircraft valued at over $800 million,” said Colm Barrington, CEO of FLY. “FLY’s acquisition of new aircraft on long-term leases, coupled with our ongoing strategy of selling older aircraft, continues to lower the age of our fleet, increase the length