FLY Leasing adds 4 aircraft

8 April 2014

FLY Leasing Ltd. (NYSE: FLY) said it has added four more aircraft to its fleet, including one Airbus A319 manufactured in 2004 and three Boeing 737-800s, one manufactured in 2008 and the other two in 2010.

The aircraft are leased to leading airlines in Europe and Asia with a remaining weighted average remaining lease term of 6.3 years.

“We have now spent over USD160m in 2014 acquiring six additional aircraft and bringing our fleet to 119 aircraft,” said Colm Barrington, CEO of FLY. “We have also identified a robust pipeline of acquisitions for the remainder of the year and expect to meet our target of expanding our fleet by up to 15 percent in 2014.”

FLY now has a fleet of 119 aircraft on lease to 65 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. For more information, visit www.flyleasing.com.

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