FLY Leasing acquires new Boeing 777-200LRF

FLY Leasing has acquired a new Boeing 777-200LRF aircraft in a sale and 12-year leaseback transaction with a leading flag carrier. “This is our second B777-200LRF acquisition in the past month as we continue to grow our portfolio with the most in-demand commercial aircraft,” said Colm Barrington, CEO of FLY. “With a strong cash reserve, FLY is in an excellent position to take advantage of attractive growth opportunities. We continue to focus on deploying capital prudently, adding attractively-priced aircraft to improve our fleet metrics and increase FLY’s earnings and ROE. In 2015, FLY has already invested US$594m in nine aircraft with an average age of approximately one year.”