logo
Share SHARE
FONT-SIZE Plus   Neg

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

FLY Leasing Limited (FLY), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Facebook Inc. (FB), Wednesday reported a jump in profit for the second quarter, as the social networking giant's bottom line continues to be driven by soaring ad revenues. Both earnings and revenues trumped Wall Street expectations, sending shares up by 6 percent in the extended hours. Menlo Park,... Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year.
comments powered by Disqus
Follow RTT