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July 10, 2017
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Fly Leasing buys four new aircraft

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Boeing and Airbus planes already leased to European and Asian airlines

Fly Leasing, the aviation finance business led by former Aer Lingus chairman, Colm Barrington, has bought four new craft, including a Boeing 787 Dreamliner and 737 Max 8.

The 787 is on a 12-year lease to a European airline while the Max 8 has been let to a Asian carrier, also for 12 years.

12-year lease

Fly also bought a new Boeing 737-800 on a 10-year lease to a European flag carrier and a new Airbus A320-200 on a 12-year lease to an Asian airline. Mr Barrington, who is Fly’s chief executive, said that it continued to grow its fleet with craft already leased to airlines.

“We are thrilled to have added our first new generation 737 Max 8 to the fleet and to have added our fifth 787,” he added.

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