FLY Leasing Acquires New Boeing 777-200LRF

FLY Leasing Limited (NYSE: FLY ) ("FLY"), a global leader in aircraft leasing, today announced that it has acquired a new Boeing 777-200LRF aircraft in a sale and 12-year leaseback transaction with a leading flag carrier.

"This is our second B777-200LRF acquisition in the past month as we continue to grow our portfolio with the most in-demand commercial aircraft," said Colm Barrington , CEO of FLY. "With a strong cash reserve, FLY is in an excellent position to take advantage of attractive growth opportunities. We continue to focus on deploying capital prudently, adding attractively-priced aircraft to improve our fleet metrics and increase FLY's earnings and ROE. In 2015, FLY has already invested $594 million in nine aircraft with an average age of approximately one year."