FLY Leasing sells three aircraft

FLY Leasing, a global lessor of modern commercial jet aircraft, has sold one Boeing 737-700 and two Airbus A320-200s from its portfolio. The B737-700 was manufactured in 2001 while the A320s were both manufactured in 1995. “These dispositions are in line with our strategy of selling older aircraft and reinvesting in younger models to maintain a fleet of the most modern, fuel-efficient commercial aircraft, which are in strong demand from airlines globally,” said Colm Barrington, CEO of FLY Barrington. “We were particularly pleased to complete the sale of these older aircraft, emphasizing that there is investor interest and financing capacity in this market sector. We will continue to sell aircraft when we can achieve premium prices and to manage lessee and geographical diversification.”