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 website.I will now hand the call over to Steve Zissis, the President and CEO of BBAM, to give you his view on industry conditions. Steve? Steve Zissis Good morning everyone and thank you for joining us today. In recent months, demand for narrow body aircraft has softened, as more airlines hesitate to expand capacity in an uncertain economic environment. And a record number of aircraft are coming off the supply lines from the OEM’s. Although, we remain cautious in the immediate future, the prospects for growth and renewals remain positive over the medium term, due to the real re-fleeting requirements for many legacy carriers, as well as the long term growth potential in the emerging markets