Thursday, 17 May 2018

Fly Leasing's Acquisition of Major Aircraft Portfolio Approved by AirAsia

Fly Leasing Limited  a global leader in aircraft leasing,  announced this week that all agreements relating to FLY's acquisition of 55 Airbus narrow-body aircraft and seven CFM engines on operating lease, and the option to purchase an additional 20 Airbus A320neo family aircraft, were approved by the shareholders of AirAsia Group Berhad ("AirAsia") at their extraordinary general meeting on May 14, 2018.

"The positive vote by AirAsia's shareholders was the final approval needed to complete the acquisition," said Colm Barrington, CEO of FLY. "The addition of these aircraft and engines will grow FLY's fleet significantly and will drive improved returns for our shareholders. We look forward to completing the transfer of the 34 aircraft and seven engines that comprise the initial part of the transaction by the end of the third quarter."

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