Fly Leasing To Sell 12 Aircraft | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited--10.14.19

Airborne UnManned--10.15.19

Airborne Unlimited--10.16.19

AMA Drone Report--10.17.19

Airborne Unlimited--10.18.19

Airborne-YouTube

Airborne Unlimited--10.14.19

Airborne UnManned--10.15.19

Airborne Unlimited--10.16.19

AMA Drone Report--10.17.19

Airborne Unlimited--10.18.19

Fri, Jul 12, 2019

Fly Leasing To Sell 12 Aircraft

Average Age Of The Airbus And Boeing Aircraft Is Eight Years

Ireland-based Fly Leasing Limited has contracted to sell a portfolio of 12 aircraft, comprised of Airbus A320s and Boeing 737s with an average age of eight years.

"These sales are at an aggregate gain to book value, build free cash, reduce leverage, manage lessee concentration and lower the average age of FLY's fleet," said Colm Barrington, CEO of FLY. "FLY has a committed pipeline of 21 new A320neo family aircraft that begin delivering later this year and has the capacity to add over $2 billion of assets to its fleet."

FLY anticipates the sales will generate in excess of $125 million of cash after repaying debt related to the aircraft and satisfying other transaction expenses. The sales are expected to be completed in the third quarter of 2019. Following the sales, FLY's fleet will comprise 86 aircraft with a weighted average age of approximately seven years and on lease to 39 airlines in 21 countries.  

(Source: Fly Leasing news release)

FMI: www.flyleasing.com

Advertisement

More News

Airborne 10.18.19: Global 5500-6500 Cert, MMOPA Safety Mtg, A220 Hiccups

Also: NBAA Webcast Schedule, Hoover Foundation at NBAA, SpaceX Steps Up, Gulfstream G500 Cert, Bust Of Orville Wright EASA has certified the two latest additions to the Bombardier >[...]

Airborne 10.18.19: Global 5500-6500 Cert, MMOPA Safety Mtg, A220 Hiccups

Also: NBAA Webcast Schedule, Hoover Foundation at NBAA, SpaceX Steps Up, Gulfstream G500 Cert, Bust Of Orville Wright EASA has certified the two latest additions to the Bombardier >[...]

Airborne-Unmanned 10.15.19: FLIR Acquires, Stratollite, Porsche-Boeing Partner

Also: NBAA 2019 Schedule, DJI Mavic Mini, Department of Defense, Chula Vista PD Drones, Terra Drone FLIR Systems has acquired the intellectual property (IP) and certain operating a>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]

Bob Hoover Legacy Foundation Unveils New Display at NBAA

Hoover Foundation Located at Booth #6932 at NBAA-BACE 2019 The Bob Hoover Legacy Foundation will be unveiling an attractive new tradeshow display, and participating this year as an>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2019 Web Development & Design by Pauli Systems, LC