"The aircraft is on lease to a strong credit in a growing market, an airline with which FLY has had a successful multi-year relationship" said Colm Barrington, CEO of FLY.
DUBLIN – FLY Leasing Limited, a global leader in aircraft leasing, announced it has acquired a new Boeing 777-200LRF aircraft in a sale and leaseback transaction with a leading flag carrier on a 12-year lease.
“The B777-200LRF is the leader in its class with no competitor that provides similar operational or economic characteristics,” said Colm Barrington, CEO of FLY. “The aircraft is on lease to a strong credit in a growing market, an airline with which FLY has had a successful multi-year relationship.”
“We are continuing to deploy our capital prudently, adding attractively-priced new aircraft to our fleet, and are now well on our way towards our goal of investing $750 million in aircraft acquisitions this year, further improving our fleet metrics and increasing FLY’s earnings and ROE,” added Barrington.
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