Fly Leasing reports Q4/FY 2017 financial results

Fly Leasing Limited (NYSE: FLY), a global provider of aircraft leasing, has announced its financial results for the fourth quarter and full year of 2017, the company said.

For the quarter: Net income of USD 7.2 million, USD 0.25 per share; Adjusted Net Income of USD 30.9 million, USD 1.09 per share; Refinanced and extended USD 375.0 million of unsecured notes; Completed a new USD 332 million secured debt facility; Repurchased 715,934 shares.

For the years: Net income of USD 2.6 million, USD 0.09 per share; Adjusted Net Income of USD 66.6 million, USD 2.19 per share; Acquired ten aircraft for USD 456.0 million; Repurchased 4.3 million shares.

FLY is a global aircraft leasing company with a fleet of modern, high-demand, and fuel efficient commercial jet aircraft. FLY leases its aircraft under multi-year lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide provider of aircraft lease management and financing.