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FLY Leasing Takes Delivery Of New Boeing 787-8 Dreamliner - Quick Facts

10/11/2013 8:41 AM ET

FLY Leasing Limited (FLY: Quote), a global lessor of modern commercial jet aircraft, announced that it has taken delivery of a new Boeing 787-8 Dreamliner. FLY Leasing said that the aircraft was acquired through a purchase and leaseback agreement with LATAM previously announced in July. The purchase was financed with funding from a European bank and FLY's own cash.

"This is the ninth aircraft we have acquired this year, bringing our total 2013 acquisitions to more than $500 million and our portfolio to 108 aircraft. With a strong reserve of available capital, we are continuing to execute on our strategy of growing our fleet with the most modern aircraft, which will continue to increase our cash flow and earnings per share," said Colm Barrington, CEO of FLY.

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by RTT Staff Writer

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