FLY Leasing Declares Third Quarter Dividend of $0.20 Per Share

DUBLIN, Oct. 15 /PRNewswire-FirstCall/ -- 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 third quarter of 2010. The dividend will be paid on November 19, 2010 to shareholders of record on October 29, 2010.

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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