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-03.11.19

Airborne Unmanned-03.12.19

Airborne Unlimited-03.13.19

AMA Drone Report-03.14.19

Airborne Unlimited-03.15.19

Airborne-YouTube

Airborne Unlimited-03.11.19

Airborne Unmanned-03.12.19

Airborne Unlimited-03.13.19

AMA Drone Report-03.14.19

Airborne Unlimited-03.15.19

Mon, Dec 10, 2018

Fly Leasing To Sell 12 Aircraft

Sales To Be Completed By March 31, 2019

Fly Leasing Limited has contracted to sell 12 narrowbody aircraft from its portfolio. The 12 aircraft have a weighted average age of 10.6 years and an average remaining lease term of 3.2 years.

FLY anticipates the sales will generate in excess of $125 million of cash after repaying debt and satisfying other transaction-related expenses. It is expected that the sales will be completed by March 31, 2019.

"These sales meet several strategic objectives, particularly reductions in our leverage and our lessee concentrations. We expect to announce more sales over the coming months as we prepare for our growth pipeline of more than $2 billion of A320neo family aircraft that begin delivering in 2019," said Colm Barrington, CEO of FLY.

Following these sales, FLY's fleet will comprise 104 aircraft with an average age of less than seven years and on lease to 44 airlines in 24 countries.  FLY has signed commitments to acquire 21 new A320neo family aircraft delivering between 2019 and 2021 and has options to acquire 20 more A320neo family aircraft delivering between 2019 and 2025.

(Source: Fly Leasing news release)

FMI: www.flyleasing.com

Advertisement

More News

Airborne 03.15.19: 737 MAX Reaction, JetPack Aviation, Aviation Rideshare $$$

Also: Next FAA Administrator?, Costin Airport Acquired, Atlas Air Accident, CA Paraglider Accident The industry is weighing in on the FAA's decision to ground the domestic fleet of>[...]

Airborne-Unmanned 03.12.19: eHang IPO, UAVs v Tornadoes, Northwest UAVs

Also: SpaceX Crew Dragon, AUVSI USDPS Event, XQ-58A Valkyrie, Global Hawk At Avalon 2019 A Chinese drone company has plans to undertake an initial public offering in the US, in ord>[...]

Counting Down! ANN's Infamous April 1st Edition Is Back--With A Vengeance!

Send Us Your Wacky Ideas NOW! ANN E-I-C Note: Folks... we gotta warn you... our Annual April 1st Editions are LEGENDARY -- and after a break last year (due to a death in the family>[...]

Aero-Help Wanted: ANN REALLY Needs A Sales Pro

ANN/Airborne/Aero-TV Marketing Department Needs Part or Full Time Personnel E-I-C Note: For some reason, finding really motivated/honest/professional sales help has been a tough gi>[...]

AMA Drone Report 03.14.19: DRL Update, External Markings, DJI Canada

Also: Lego Disses Drones?, Drone Defibrillator Delivery, UK Airfield Restrictions, Airborne Programming The Drone Racing League (DRL) has announced a new streaming partnership with>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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