FLY Leasing Sells 737s

Global aircraft lessor, FLY Leasing, has sold three 737-800 aircraft for $137m to an undisclosed buyer.

Global aircraft lessor, FLY Leasing, has sold three 737-800 aircraft for $137m to an undisclosed buyer.

Colm Barrington, CEO of FLY, confirmed that the sales formed parts of the lessors strategy to maintain a “diverse, balanced fleet” and had generated more than $30m in cash for the firm.

He said the deals had provided further resources to fund FLY’s on-going acquisition programme.

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