Fly Leasing shareholders approve Carlyle Aviation acquisition

Fly Leasing has received shareholder approval to be acquired by an affiliate of Carlyle Aviation Partners (Carlyle Aviation), the commercial aviation investment and servicing arm within Carlyle’s $59 billion global credit platform. Approximately 99.9% of the votes cast at the special general meeting of FLY’s shareholders voted in favour of the transaction. Closing of the transaction remains subject to the satisfaction or waiver of customary closing conditions, including receipt of regulatory approvals. The transaction is expected to close prior to the end of July 2021. Upon closing, FLY shareholders will receive $17.05 per share in cash for each FLY share