FLY Leasing to Acquire Three New Boeing 737- 800s

FLY Leasing Limited FLY today announced that it has entered into an agreement to acquire three new Boeing 737-800 Next Generation aircraft in a sale and leaseback transaction with flydubai, Dubai's premier low cost airline. The aircraft are scheduled to be delivered new from Boeing in October and December 2010 and in February 2011. FLY also announced that it has sold three older aircraft from its portfolio to two separate purchasers: an A320-200 manufactured in 1995 and two B737-800s manufactured in 2006. The aircraft are currently on lease to three separate airlines.