DUBLIN, Feb. 3, 2015 /PRNewswire/ — FLY Leasing Limited (NYSE: FLY) (“FLY”), a global leader in aircraft leasing, announced that it has purchased two Airbus A320 aircraft on lease to a leading Asian airline. The aircraft were manufactured in 2004 and 2005.

“FLY is taking advantage of two acquisition opportunities that we believe will produce attractive returns,” said Colm Barrington, CEO of FLY. “Lower fuel prices have created even stronger demand for the aircraft types in our fleet, which are the most modern in-production aircraft available. We continue to focus on acquiring new aircraft, and divesting of older models, but will take advantage of opportunities to add other aircraft provided that they are the right types, are bought at attractive prices and will produce strong returns. These acquisitions meet these tests.”

About FLY

FLY Leasing is global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY acquires and leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, a worldwide leader in aircraft lease management and financing. For more information visit www.flyleasing.com.

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 FLY’s business is included in filings FLY makes with the Securities and Exchange Commission from time to time, including its Annual Report on Form 20-F and its 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.

Contact:

Matt Dallas
FLY Leasing Limited
+1 203-769-5916
ir@flyleasing.com

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SOURCE FLY Leasing Limited