FLY Leasing Acquires Two More Aircraft

DUBLIN, Ireland, August 7, 2014 – Continuing its fleet growth, FLY Leasing Limited (NYSE: FLY), a global lessor of modern commercial jet aircraft, today announced that it has acquired a Boeing 737-800 to be leased to a leading airline in North America and an Airbus A330-300 on lease to a leading airline in Asia. The Airbus aircraft is the first of three A330s that FLY is acquiring in a sale and leaseback transaction with the Asian airline.

“With more than $460 million of acquisitions this year, FLY is focused on continuing its strong fleet growth with the most in-demand aircraft types,” said Colm Barrington, CEO of FLY. “These new acquisitions, combined with our sales of older aircraft – which have been sold at gains to book value – have reduced the average age of FLY’s fleet to 8.7 years at the end of the second quarter.”

FLY now has a fleet of 120 aircraft on lease to more than 65 airlines in over 35 countries.