FLY Leasing Acquires New Airbus A321-200

DUBLIN, March 9, 2015 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, announced today that it has acquired an Airbus A321-200 aircraft, manufactured in 2015. The aircraft is on a long-term lease to a leading European airline.

"FLY continues to grow its fleet with the addition of this brand new Airbus A321," said Colm Barrington, CEO of FLY. "We are continuing the strong growth trajectory achieved in the past two years, which is adding to FLY's earning capacity while improving its portfolio metrics. FLY will continue its focus on the aircraft types that are most widely used by airlines around the world and remain in strong demand."

About FLY
FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY 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
[phone]
[e-mail]

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SOURCE FLY Leasing Limited

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