FLY Leasing Closes $250 Million Aircraft Acquisition Facility

DUBLIN, Nov. 8, 2012 /PRNewswire/ — FLY Leasing Limited (FLY) (“FLY”), a leading global lessor of modern commercial jet aircraft, today announced it has closed a new $250 million warehouse facility to support its ongoing acquisition of aircraft. The facility has a two-year draw down period followed by a three-year term period, maturing in November 2017. Deutsche Bank AG, Citigroup Global Markets, Inc., Morgan Stanley Senior Funding, Inc., RBC Capital Markets and BNP Paribas were the Joint Lead Arrangers and Bookrunners for the transaction.

“The successful completion of this aircraft acquisition facility at attractive pricing provides FLY with additional resources to grow its fleet with young aircraft,” said Colm Barrington, CEO of FLY Leasing. “We will continue to focus on the most modern and popular narrow body aircraft that are in high demand with airlines around the world.”

FLY has a fleet of 110 modern commercial aircraft on lease to 53 airlines in 29 countries.