Fly Leasing posted strong third quarter results for 2010. Adjusted net income was $14.1 million, excluding $1.9 million of share-based compensation, with net income of $12.2 million. Generated available cash flow is $40.4 million. The lessor entered into purchase agreements for the acquisition of three new 737-800s and sold three aircraft for net cash proceeds of $86.3 million. It also repurchased 1.6 million shares at an average of $10.70 per share and declared its 12th consecutive quarterly dividend on October 15. “In the third quarter, FLY continued to implement its strategy of enhancing shareholder value while producing another strong financial

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