FLY Leasing Declares Second Quarter Dividend of $0.25 Per Share

       FLY Leasing Declares Second Quarter Dividend of $0.25 Per Share

PR Newswire

DUBLIN, July 17, 2014

DUBLIN, July 17, 2014 /PRNewswire/ --FLY Leasing Limited (NYSE: FLY) ("FLY"),
a leading global lessor of modern commercial jet aircraft, today announced it
has declared a quarterly cash dividend of $0.25 per common share for the
second quarter of 2014. The dividend will be paid on August 20, 2014 to
shareholders of record on July 31, 2014.

FLY Leasing Limited

FLY has declared 27 consecutive quarterly cash dividends, totaling $6.87 per
share, since it went public on the NYSE in 2007.

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. Further information on the
factors and risks that may affect our business is included in filings we make
with the Securities and Exchange Commission from time to time, including our
Annual Report on Form 20-F and our 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.


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


SOURCE FLY Leasing Limited

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