FLY Leasing has a portfolio of 120 modern, fuel-efficient and high-demand commercial jet aircraft.
- Fleet includes 112 narrow-body passenger aircraft and 8 wide-body passenger aircraft
- Average portfolio age is 8.7 years weighted by net book value of each aircraft at June 30, 2014
- Fleet is on lease to 65 airlines in 36 countries as of June 30, 2014
- Table does not include four B767 aircraft owned by a joint venture in which FLY 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.