Fly Leasing has reported its financial results for the third quarter of 2019. The company reported net income of US$51.7 million and adjusted net income of US$59.8 million. Fly Leasing sold eight aircraft for a gain of US$38.9 million, a 17% premium-to-book value. During the quarter the company purchased two aircraft for US$53.7 million.
Fly Leasing’s book value was US$25.85 per share at quarter-end, a 20% increase since December 31, 2018 and net debt-to-equity ratio of 2.6x
