April 25, 2013
/PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global lessor of modern commercial jet aircraft, today announced that it has acquired a 2013 manufactured Boeing 737-800 aircraft on a 12-year lease to a leading low-cost carrier in
. The acquisition was funded with a combination of FLY's unrestricted cash and the
aircraft acquisition facility that was closed in
"The B737-800 is an excellent commercial aircraft in strong global demand and this acquisition makes it the 38th B737 Next Generation aircraft in FLY's fleet," said
, CEO of FLY. "Following the sale of nine older aircraft in the first quarter, the addition of this new aircraft demonstrates our focus on improving and renewing the fleet. FLY has substantial resources available for growth, with approximately
of remaining availability in our aircraft acquisition facility and a significant balance of unrestricted cash."
"We will continue to focus on our strategy of acquiring young, modern and popular commercial jet aircraft, leased to a diverse group of global airlines," added Barrington.
FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience. For more information, please visit
FLY Leasing Limited+1 203-769-5916
SOURCE FLY Leasing Limited