January 29, 2014
FLY Leasing posts 2013 transactions
FLY Leasing, a leading global lessor of modern commercial jet aircraft, announced the completion of the following transactions during 2013: the company signed agreements to lease 36 aircraft, purchased 14 aircraft, including one A320, eleven B737-NGs, one B777-300ER and one B787-8 and sold ten aircraft (average age 13.6 years) for a net gain of $6.3m. FLY Leasing secured $1.1bn of debt financing and raised $173m of new equity capital. The company increased its portfolio to 113 aircraft at year end.