FLY Leasing Announces Annual PFIC Information Statement Available On Website

 FLY Leasing Announces Annual PFIC Information Statement Available On Website

PR Newswire

DUBLIN, April 11, 2013

DUBLIN, April 11, 2013 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY)
("FLY"), a global lessor of modern commercial jet aircraft, today announced it
has published its annual tax information statement for 2012 on its website.
This statement applies only to U.S. shareholders who intend to file Form 8621
with their 2012 U.S. tax returns.

For U.S. federal income tax purposes, FLY Leasing will be treated as a passive
foreign investment company ("PFIC") for 2012 and expects to be treated as a
PFIC for the foreseeable future.

To access the statement, visit the Tax Information page under the Investor
Relations section of FLY's website at

About FLY

FLY acquires and leases modern, high-demand and fuel-efficient commercial jet
aircraft under multi-year operating lease contracts to a diverse group of
airlines throughout the world. FLY is managed and serviced by BBAM LP, one of
the world's leading aircraft lease managers with more than 20 years of
experience. For more information about FLY, please visit our website at

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. 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.


Matt Dallas
FLY Leasing Limited
+1 203-769-5916

SOURCE FLY Leasing Limited

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