FLY Leasing Q1 results

FLY Leasing has reported a 34% increase in total revenues to $122.5 million for the first quarter of 2015, which include $120.1 million of operating lease revenue and $1.9 million in gains from the sale of three aircraft. Net income was $17.3 million, $0.41 per share, for the reporting period. This compares to net income of $3.6 million or $0.07 per diluted share for the same period in 2014. The first quarter 2015 results include $21.9 million of end of lease revenue and a charge of approximately $4.0 million associated with termination of the Aircraft Acquisition Facility. End of lease