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TheStreet Open House

Fly Leasing CEO Discusses Q2 2011 Results - Earnings Call Transcript

Stock quotes in this article: FLY

Representing the company today on this call will be Colm Barrington, our Chief Executive Officer, Gary Dales, our Chief Financial Officer and Steve Zissis, the President and CEO of BBAM the company that manages and services FLY’s fleet.

I’d like to begin the call by reading the following Safe Harbor statement. This conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to statements regarding the outlook for the Company's future business and financial performance.

Forward-looking statements are based on current expectations and assumptions of FLY's management, which are subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to factors that are summarized in the earnings press release and are described more fully in the Company's filings with the SEC. Please refer to these sources for additional information. FLY expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.

This call is the property of FLY and cannot be distributed or broadcast in any form without the expressed written consent of the Company. A replay of this call is available for two weeks from today. An archived webcast of this call will be available for one year on the Company's Web site.

I would now like hand the call over to Colm Barrington, the CEO of FLY Leasing.

Steve Zissis

Thank you, Matt, good morning everyone, and thank you all for joining us. We are delighted today to talk to you today about FLYs agreement to acquire 49 leased aircraft that are currently managed by Global Aviation Asset management, and Australian company.

First we will have a short slide presentation explaining this transaction and it’s rationale, then we turn to slide second quarter earnings release, and finally we will wrap with the Q&A session.

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