We’ve entered into a [inaudible] agreement to acquire 49 modern and fuel-efficient aircraft and the transaction value is approximately $1.4 billion. 40 of the 49 aircraft are Boeing 737 Next Generation, and Airbus A-320 family aircraft.This transaction will be accreative to GAAP earnings and will generated positive free cash after-debt service. The company don’t have raise any new equity. The transactions will have a particularly positive impact on our EPS.
Fly Leasing CEO Discusses Q2 2011 Results - Earnings Call Transcript
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