Fly Leasing Limited engages in purchasing commercial aircraft under multi-year contracts to a group of airlines worldwide. As of December 31, 2014, the company owned 127 aircraft. Its aircraft portfolio comprised of 116 narrow-body passenger aircraft (including 2 freighters) and 11 wide-body passenger aircraft. As of December 31, 2014, the company’s portfolio contained a mix of aircraft types, including Airbus A319 aircraft, A320 aircraft, A321 aircraft, A330 aircraft, and A340 aircraft, and Boeing 737 aircraft, Boeing 747 aircraft, Boeing 757 aircraft, Boeing 767 aircraft, Boeing 777 aircraft, and Boeing 787 aircraft. As of December 31, 2014, the company had 72 Boeing aircraft and 55 Airbus aircraft in its fleet. Of its leases, 108 have fixed rental rates and 16 have floating rental rates. The company’s portfolio is diversified across 64 different airlines in 36 countries, in both developed and emerging markets. Its leases are scheduled to expire between 2015 and 2026, and had a weighted average remaining lease term of 5.3 years as of December 31, 2014. As of December 31, 2014, the company had 22 leases scheduled to expire in 2015 and 3 aircraft off-lease. The company had entered into sale agreements for eight aircraft. Significant Events In September 2015, FLY Leasing Limited has acquired a new Boeing 737-800 aircraft in a sale and leaseback transaction with an airline. The aircraft is on lease until 2027. Competition The company competes with other aircraft leasing companies, including GE Commercial Aviation Services Limited; AerCap Holdings N.V.; Aircastle Limited; Air Lease Corp.; Aviation Capital Group; Avolon Holdings Limited; AWAS; Boeing Capital Corporation; CIT Aerospace; Intrepid Aviation Limited; Macquarie Bank Limited; SMBC Aviation Capital; Jackson Square Aviation; Bank of China Aviation; and others. History Fly Leasing Limited, a Bermuda exempted company, was incorporated in 2007 under the provisions of Section 14 of the Companies Act 1981 of Bermuda.
fly leasing ltd-adr (FLY:New York)
Phone: 353 1 231 1900
|AerCap Holdings NV||$40.49 USD||+2.04|
|Air Lease Corp||$31.53 USD||+0.84|
|Aircastle Ltd||$21.18 USD||+0.68|
|Avolon Holdings Ltd||$30.46 USD||0.00|
|Macquarie Group Ltd||A$76.29 AUD||-0.96|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
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