February 23, 2012

FLY Leasing Acquires Two B737-700s

DUBLIN, Feb. 23, 2012 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global lessor of modern commercial jet aircraft, today announced that it has acquired two Boeing 737-700 aircraft on lease to GOL Airlines, a leading low-cost carrier in Brazil.

"We continue to uncover attractive opportunities to acquire aircraft that fit well with FLY's fleet and align with our strategy of pursuing opportunistic growth," said Colm Barrington, CEO of FLY. "The purchase of these two Boeing 737-700s was financed with limited-recourse debt, further demonstrating our extensive banking relationships and ability to finance attractive growth opportunities in this environment."
FLY now has a fleet of 111 commercial aircraft on lease to 54 airlines in 29 countries.

About FLY
FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience. For more information about FLY, please visit our website at www.flyleasing.com

PR Newswire

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