FLY Leasing has announced it has entered into an agreement to purchase a $1.4 billion portfolio of 49 aircraft, increasing FLY’s total aircraft under operating lease to more than $3 billion. The aircraft were previously managed by Global Aviation Asset Management, an Australian company. The aircraft are on lease to 23 airlines in 15 countries. After completing the transaction, FLY will have 109 aircraft on lease to 53 airlines in 29 countries. The purchase price will be fully funded from FLY’s unrestricted cash and the assumption of existing non-recourse debt. “This is a transformational transaction for FLY, growing our portfolio

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