FLY Leasing Limited (NYSE: FLY) said 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.”
FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. It acquires and leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. The company is managed and serviced by BBAM LP, a worldwide leader in aircraft lease management and financing.