Fly Leasing Limited releases second-quarter 2019 financial results

Fly Leasing Limited has released its second quarter 2019 financial results which includes the firm gaining a net income of $54 million – an increase from the net income of $24.3 million for the same period in 2018. Its adjusted net income stood at $62 million an increase from the $25.2 million for the same period in the previous year. The firm sold seven aircraft for an economic gain of $18.9 million, a 10% premium to book value. Fly Leasing Limited repurchased 1.47 million shares at an average price of $16.53 per share. During the period, the firm purchased two