25 February 2014
FLY Leasing Ltd. (NYSE: FLY) said that it has purchased two more aircraft, a Boeing B737-700 and a B737-800.
The aircraft, which were manufactured in 2002 and in 2008 respectively, are leased to airlines in South America and in Europe. The acquisitions will be financed from the company´s free cash and its Term Loan, which was upsized in November 2013.
FLY now has a fleet of 115 aircraft on lease to 64 airlines in 34 countries.
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. The company is managed and serviced by BBAM LP. For more information, visit www.flyleasing.com.