FLY Leasing Closes $385m Aircraft Acquisition Facility

Irish lessor FLY Leasing has closed a $385m blind pool aircraft acquisition facility for the purchase of new aircraft.

In a statement released on Monday (February 29), FLY said the facility has a three-year revolving period followed by a three-year term.

Lenders for the facility include Commonwealth Bank of Australia New York Branch, MUFG’s banking arm Bank of Tokyo-Mitsubishi UFJ, New York Life Insurance Company and National Australia Bank.

Colm Barrington, CEO of FLY, said: “The completion of this facility provides FLY with the resources to continue to grow its fleet with young, desirable aircraft. Our focus remains on the most popular narrowbody aircraft with the largest user bases.”

 

TAGS: Europe
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