FLY Leasing has a portfolio of 119 modern, fuel-efficient and high-demand commercial jet aircraft.
- Fleet includes 109 narrow-body passenger aircraft and eight wide-body passenger aircraft.
- Average age of FLY’s portfolio was 8.6 years weighted by net book value of each aircraft at December 31, 2013.
- The table does not include four B767 aircraft owned by a joint venture in which has a 57% interest.
FLY leases its aircraft 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.