Aircraft lessor FLY Leasing has acquired a new Boeing 777-200LR freighter in a sale and leaseback transaction with an unnamed “leading flag carrier” on a 12-year lease.
Colm Barrington, chief executive of Dublin-based FLY, said: “The B777-200LRF is the leader in its class with no competitor that provides similar operational or economic characteristics.
“The aircraft is on lease to a strong credit in a growing market, an airline with which FLY has had a successful multi-year relationship.”
Barrington added: “We are continuing to deploy our capital prudently, adding attractively-priced new aircraft to our fleet, and are now well on our way towards our goal of investing $750m in aircraft acquisitions this year, further improving our fleet metrics and increasing FLY’s earnings and return on equity (ROE).”
