Fly Leasing reports Q2 results

Fly Leasing has reported a net income of $2.9 million for the second quarter of 2017 or nine cents per share. This compares to net income of $4.7 million, or $0.14 per share, for the same period in 2016. Adjusted net income was $9.7 million, compared to $15.0 million for the same period in the previous year. During the period, Fly Leasing repurchased nearly two million shares at an average price of $13.07 per share, acquired five aircraft, four of which were new deliveries from manufacturers, and upsized a term loan by $50 million and repriced a term loan, saving