FLY Leasing Posts $19.9m Q3 Net Profit

Dublin-based FLY Leasing has reported an increased net income of $19.9m for the third quarter of 2015 compared to the $15.4m it posted in Q3 2014.

Dublin-based FLY Leasing has reported an increased net income of $19.9m for the third quarter of 2015 compared to the $15.4m it posted in Q3 2014.

Revenues at the lessor also increased by seven per cent year on year in Q1 to $104.4m compared with $98m in Q3 2014.

FLY Leasing CEO Colm Barrington attributed the improved results to recently acquired aircraft and improved utilisation.

In 2015, FLY has added a total of 83 aircraft to its fleet generating annualised rents of approximately $301m.

 

TAGS: Europe
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