FLY Leasing Declares Fourth Quarter Dividend of $0.20 Per Share

DUBLIN, Jan. 17, 2011 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global lessor of modern commercial jet aircraft, today announced that it has declared a quarterly cash dividend of $0.20 per common share for the fourth quarter of 2010. The dividend will be paid on February 18, 2011 to shareholders of record on January 28, 2011.

About FLY

FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience. For more information about FLY, please visit our website at www.flyleasing.com.  

SOURCE FLY Leasing Limited

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