FLY Leasing closes acquisition of 49 aircraft

FLY Leasing completed the acquisition of a $1.4 billion portfolio of 49 aircraft. These 49 aircraft increase FLY’s fleet to a total of 109 aircraft on lease to 53 airlines in 29 countries. The purchase price was fully funded from FLY’s existing unrestricted cash and the assumption of existing non-recourse debt. The portfolio consists of 23 Airbus A320 family aircraft, 3 Airbus A340, 6 Boeing 717 and 17 Boeing 737 aircraft.