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
Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant. Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016.
comments powered by Disqus
Follow RTT