FLY Leasing Acquires Two New Boeing 737-800s

                 FLY Leasing Acquires Two New Boeing 737-800s

PR Newswire

DUBLIN, June 17, 2013

DUBLIN, June 17, 2013 /PRNewswire/ --FLY Leasing Limited (NYSE: FLY) ("FLY"),
a global lessor of modern commercial jet aircraft, today announced that it has
acquired two Boeing 737-800 aircraft, both manufactured in 2013. The aircraft
are on ten-year leases to leading carriers in the United States and in China.
The acquisitions were financed with a combination of FLY's unrestricted cash
and its aircraft acquisition facility.

"FLY has now acquired three 2013 vintage B737-800s this year, bringing our
total B737 Next Generation aircraft to 40 and our total fleet to 103
aircraft," said Colm Barrington, CEO of FLY. "We are focused on growing our
fleet with young and modern commercial aircraft that are in strong demand from
our airline customers world-wide. FLY is now well on its way to meeting its
growth target of up to $500 million of aircraft acquisitions in 2013."

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, please visit

SOURCE FLY Leasing Limited

Contact: Matt Dallas, FLY Leasing Limited, +1-203-769-5916,
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