FLY Leasing has a portfolio of 76 modern, fuel-efficient and high-demand commercial jet aircraft with a value of approximately $3.0 billion.
- Fleet includes 65 narrow-body passenger aircraft and 11 wide-body passenger aircraft
- Average portfolio age is 6.2 years weighted by net book value of each aircraft at Dec 31, 2016
- Fleet is on lease to 42 airlines in 27 countries as of Dec 31, 2016
- Table does not include two B767 aircraft owned by a joint venture in which FLY has a 57% interest
FLY leases its aircraft to airlines around the world on long-term operating leases, under which the lessee is responsible for all operational, maintenance and insurance costs and for maintaining the aircraft. The lessee is also responsible for meeting strict security, maintenance and redelivery standards. The majority of the leases include fixed rental rates, separate maintenance accrual payments and security deposits, as well as “full-life” return conditions.