FLY Leasing reports first quarter 2017 financial results

FLY Leasing has reported net income of $5.1 million, $0.16 per share, for the first quarter of 2017. This compares to net income of $7.1 million, or $0.21 per diluted share, for the same period in 2016. Adjusted Net Income was $11.1 million or $0.34 per share compared to $16.2 million in the same period in the previous year. During the period, the lessor repurchased $8.5 million in shares and committed to nearly $300 million in acquisitions. It also repriced, extended and upsized Term Loan to $450 million “FLY is moving from a year of very active aircraft sales to