FLY Leasing acquires four more aircraft

DUBLIN, Ireland – Further expanding its fleet, FLY Leasing Limited, a global lessor of modern commercial jet aircraft, today announced it has acquired four more Next Generation Boeing 737-800 aircra

FLY Leasing acquires four more aircraft

DUBLIN, Ireland – Further expanding its fleet, FLY Leasing Limited, a global lessor of modern commercial jet aircraft, today announced it has acquired four more Next Generation Boeing 737-800 aircraft. The aircraft were manufactured in 2006, 2008 and 2010 (two aircraft) and are on lease to four leading airlines in Europe. The acquisitions were financed from FLY’s unrestricted cash.

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“We are making steady progress towards meeting our target of growing our fleet by 15% in 2014,” said Colm Barrington, CEO of FLY. “We have now acquired eleven aircraft for more than $300 million this year. We continue to be active in the market, focusing on our strategy of selling older aircraft and renewing our fleet with young and popular aircraft that are used by a broad range of airlines worldwide. Meanwhile the airline industry continues to perform strongly, with a reported 6% increase in global airline traffic in the first four months of the year.”

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