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Fly Leasing Appoints Julie Ruehl as Chief Financial Officer

DUBLIN, Ireland, August 11, 2017 – Fly Leasing Limited (NYSE: FLY) (“FLY”), a global leader in aircraft leasing, today announced it has appointed Julie Ruehl as its Chief Financial Officer, succeeding Gary Dales, who served as FLY’s CFO for ten years.

“After a thorough and thoughtful search process, we are thrilled to welcome Julie aboard,” said Colm Barrington, CEO of FLY.  “Julie is a seasoned finance professional whose deep knowledge of accounting and background working with industry-leading corporations make her the right choice as our new CFO. I look forward to working closely with her as we continue to execute on our strategy.”

“We would like to thank Gary Dales for a decade of service and dedication to FLY,” added Barrington. “We wish Gary all the best in the next chapter of his life.”

Prior to joining FLY, Ms. Ruehl previously served as the Vice President and Chief Accounting Officer for Big Heart Pet Brands and for its predecessor, Del Monte Corporation. Prior to that she was in a senior financial position with Sanmina Corporation, a global provider of electronics manufacturing services, and previously served as an Audit Partner at Arthur Andersen LLP.  Ms. Ruehl graduated cum laude from Louisiana State University with a bachelor of science degree in Accounting.

About FLY

FLY is a global aircraft leasing company with a fleet of modern, high-demand and fuel-efficient commercial jet aircraft. FLY acquires and 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.

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Contact:

Matt Dallas
Fly Leasing Limited
+1 203-769-5916
ir@flyleasing.com