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FLY Leasing (FLY) is an aircraft leasing investment company.[2]
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| Company type | Public |
|---|---|
| NYSE: FLY | |
| Industry | Aircraft Leasing |
| Headquarters | , |
Key people | Joseph M. Donovan (Chairman) Colm Barrington (CEO) |
| Revenue |  $418.3 million (2018)[1] |
| Total assets | $4.2 billion (2018)[1] |
| Total equity | $702.1 million (2018)[1] |
| Website | www.flyleasing.com |
Its fleet comprises 110 aircraft, mostly Airbus A320 and Boeing 737 aircraft. FLY does not manage its own fleet, instead leases are managed and executed by BBAM, a leasing management firm. FLY strictly focuses on the investment and return of the aircraft instead of carrying out day-to-day operations. As a result, FLY has few employees. Onex, in December 2012, acquired 50% of FLY's portfolio manager BBAM and invested $75 million into FLY.[3] In August 2021, Carlyle Aviation Partners announced the completion of the acquisition of FLY.[4]
References
edit- ^ a b c "FLY LEASING LIMITED ANNUAL REPORT". Fly Leasing. Retrieved 27 December 2019.
- ^ "Fly Leasing's profits soar in 2018 as it enlarged its fleet of aircraft". The Irish Times. Retrieved 27 December 2019.
- ^ "Onex to buy 50 percent stake in aircraft manager BBAM for $165 million". Reuters. Archived from the original on 2016-06-30.
- ^ "Carlyle Aviation Completes Acquisition of Fly Leasing". Yahoo! Finance. August 2, 2021.