FLY Leasing upsizes aircraft acquisition facility to $450m

FLY Leasing, a leading global lessor of modern commercial jet aircraft, has increased the size of its aircraft acquisition facility from $250m to $450m. The facility’s availability period has also been extended for two years, followed by a three year term out period to July 2018. The margin on the facility was reduced by 0.50% to 3.25% during the availability period. In addition, two new lenders, EverBank Commercial Finance and Scotiabank, joined the facility.