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Fly Leasing Limited CEO Discusses Q3 2011 Results - Earnings Call Transcript

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 today’s call is available for two weeks from today. An archived webcast of the conference call will be available for one year on the Company's website.

I will now hand the call over to Steve Zissis, the President and CEO of BBAM the company that manages FLY’s fleet in order to give you his view on industry conditions. Steve?

Steve Zissis

Good morning everyone and thank you for joining us today. As is usually the case, you will be hearing from Colm and Gary on today’s call. So I will keep my comments rather brief. But I’ll be happy to answer any questions at the end of the prepared remarks.

I’d like to start off today with some high level comments on the supply and demand dynamics currently in place in the commercial aircraft leasing business. Given the current economic stability in Europe. And slowing growth in China, demand for leased aircraft has performed and continues to perform better than one might have expected.

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