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Aircraft leasing company From Wikipedia, the free encyclopedia
FLY Leasing (FLY) is an aircraft leasing investment company.[2]
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Company type | Public |
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NYSE: FLY | |
Industry | Aircraft Leasing |
Headquarters | , |
Key people | Joseph M. Donovan (Chairman) Colm Barrington (CEO) |
Revenue | $418.3 million (2018)[1] |
Total assets | $4.2 billion (2018)[1] |
Total equity | $702.1 million (2018)[1] |
Website | www.flyleasing.com |
Its fleet comprises 110 aircraft, mostly Airbus A320 and Boeing 737 aircraft. FLY does not manage its own fleet, instead leases are managed and executed by BBAM, a leasing management firm. FLY strictly focuses on the investment and return of the aircraft instead of carrying out day-to-day operations. As a result, FLY has few employees. Onex, in December 2012, acquired 50% of FLY's portfolio manager BBAM and invested $75 million into FLY.[3] In August 2021, Carlyle Aviation Partners announced the completion of the acquisition of FLY.[4]
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