FLY Leasing Acquires Another New B737-800

DUBLIN, Ireland, September 24, 2013 – FLY Leasing Limited (NYSE: FLY), a global lessor of modern commercial jet aircraft, today announced it has purchased another brand new Boeing B737-800 aircraft. The aircraft is on a long-term lease to a leading Asian airline. The purchase was financed with FLY’s unrestricted cash and its acquisition facility.

“We have now acquired seven B737-800s this year, further expanding our fleet of modern and popular commercial aircraft on lease to major airlines around the world,” said Colm Barrington, CEO of FLY. “In 2013 FLY has already purchased aircraft valued at approximately $425 million, executing its strategy of growing its fleet with the most modern, fuel efficient and popular aircraft. These additions to our portfolio will increase FLY’s cash flow and earnings per share.”