FLY Leasing Acquires Two Airbus A330-300 Aircraft

DUBLIN, Ireland, September 2, 2014 – FLY Leasing Limited (NYSE: FLY), a global lessor of modern commercial jet aircraft, today announced it has acquired two Airbus A330-300 aircraft manufactured in 2013 and on lease to a leading airline in Asia in a sale and lease-back transaction.

“We are excited about these two latest acquisitions of modern aircraft on lease to a major Asian airline,” said Colm Barrington, CEO of FLY. “FLY has now acquired 16 aircraft for more than $660 million this year, underscoring our focus on growing FLY’s fleet profitability with the most in-demand commercial aircraft. We expect that our continued fleet growth will have a positive impact on FLY’s lease revenues and profitability.”

FLY now has a fleet of 122 aircraft on lease to more than 65 airlines in over 35 countries.