FLY Leasing Acquires Four New Aircraft

DUBLIN, Ireland, July 10, 2017 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced the purchase of four new aircraft, including a new Boeing 787 Dreamliner and a new Boeing 737 MAX 8, the first 737 MAX to join FLY's fleet. The 787 is on a 12-year lease to a European airline and the 737 MAX 8 is on a 12-year lease to an Asian carrier. FLY also acquired a new Boeing 737-800 on a 10-year lease to a flag carrier in Europe and a new Airbus A320-200 on a 12-year lease to an airline in Asia.

"We continue to find attractive deals to grow our fleet with top quality aircraft on long leases to leading airlines," said Colm Barrington, CEO of FLY. "We are thrilled to have added our first new generation 737 MAX 8 to the fleet and to have added our fifth 787. We also continue to add to our growing number of 737-800s and A320s, which are the most in-demand commercial narrowbody aircraft. Our pipeline of deals is strong and we look forward to announcing more acquisitions in the near future."

About FLY
FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY acquires and leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide leader in aircraft lease management and financing. For more information visit www.flyleasing.com.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for FLY's future business and financial performance. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. Further information on the factors and risks that may affect FLY's business is included in filings FLY makes with the Securities and Exchange Commission from time to time, including its Annual Report on Form 20-F and its Reports on Form 6-K. FLY expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.

Contact:

Matt Dallas
FLY Leasing Limited
+1 203-769-5916
ir@flyleasing.com 

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SOURCE FLY Leasing Limited