FLY Leasing Acquires New Boeing 777-200LRF
DUBLIN, Sept. 15, 2015 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced it has acquired a new Boeing 777-200LRF aircraft in a sale and leaseback transaction with a leading flag carrier on a 12-year lease.
"The B777-200LRF is the leader in its class with no competitor that provides similar operational or economic characteristics," said Colm Barrington, CEO of FLY. "The aircraft is on lease to a strong credit in a growing market, an airline with which FLY has had a successful multi-year relationship."
"We are continuing to deploy our capital prudently, adding attractively-priced new aircraft to our fleet, and are now well on our way towards our goal of investing $750 million in aircraft acquisitions this year, further improving our fleet metrics and increasing FLY's earnings and ROE," added Barrington.
About FLY
FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY acquires and leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide leader in aircraft lease management and financing. For more information visit www.flyleasing.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for FLY's future business and financial performance. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. Further information on the factors and risks that may affect FLY's business is included in filings FLY makes with the Securities and Exchange Commission from time to time, including its Annual Report on Form 20-F and its Reports on Form 6-K. FLY expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.
Contact:
Matt Dallas
FLY Leasing Limited
+1 203-769-5916
[email protected]
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SOURCE FLY Leasing Limited
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