Key Developments: FLY Leasing Ltd (FLY)
16.40USD
17 May 2013
$0.09 (+0.55%)
$16.31
$16.30
$16.43
$16.19
133,874
174,832
$17.37
$11.06
Latest Key Developments (Source: Significant Developments)
Fly Leasing Ltd Declares First Quarter Dividend
Fly Leasing Ltd announced that it has declared a quarterly cash dividend of $0.22 per common share for the first quarter of 2013. The dividend will be paid on May 20, 2013 to shareholders of record on April 30, 2013. Full Article
Fly Leasing Ltd Sells Six Aircraft
Fly Leasing Ltd announced that it has sold six Boeing 717-200 aircraft manufactured in 2001. The aircraft were acquired by FLY in 2011 as part of a 49-aircraft portfolio transaction. The sale of these non-core aircraft will result in a gain over our current book value and generate gross cash proceeds of $17 million. Full Article
Fly Leasing Ltd Declares Fourth Quarter Dividend of $0.22 Per Share
Fly Leasing Ltd announced that it has declared a quarterly cash dividend of $0.22 per common share for the fourth quarter of 2012. The dividend will be paid on February 20, 2013 to shareholders of record on January 31, 2013. Full Article
Fly Leasing Ltd Declares Third Quarter Dividend
Fly Leasing Ltd announced that it has declared a quarterly cash dividend of $0.22 per common share for the third quarter of 2012. The dividend will be paid on November 20, 2012 to shareholders of record on October 30, 2012. Full Article
Fly Leasing Ltd Acquires Two B737-800s
Fly Leasing Ltd announced that it has acquired two Boeing 737-800 aircraft manufactured in 1998. The aircraft are on lease to Transaero, a Russian international airline. The new acquisitions were financed with secured bank debt and FLY's free cash. Full Article
Fly Leasing Ltd Closes $395 Million Senior Secured Term Loan
Fly Leasing Ltd announced it closed a new $395 million senior secured term loan. FLY will use the proceeds from the new loan to refinance its remaining 2012 debt maturities, as well as the outstanding debt under a facility that matures in 2013. The senior secured term loan will be secured by 23 aircraft and will be recourse to FLY. The loan, which will mature in August 2018, will bear interest at LIBOR plus 5.5% with a 1.25% LIBOR floor and is priced at 96% of par value. Full Article
Fly Leasing Ltd Declares 10% Increase In Quarterly Dividend To $0.22 Per Share
Fly Leasing Ltd announced that it has declared a quarterly cash dividend of $0.22 per common share for the second quarter of 2012, an increase of 10% from the prior quarter. The dividend will be paid on August 20, 2012 to shareholders of record on July 30, 2012. Full Article
Fly Leasing Ltd Announces Share Repurchase Program
Fly Leasing Ltd announced that on May 2, 2012, the Company's Board of Directors approved a $25 million share repurchase program expiring in May 2013 to replace the previous program. Under this program, FLY may make share repurchases from time to time in the open market or in privately negotiated transactions. Full Article
Fly Leasing Ltd Declares First Quarter Dividend Of $0.20 per Share
Fly Leasing Ltd announced that it has declared a quarterly cash dividend of $0.20 per common share for the first quarter of 2012. The dividend will be paid on May 21, 2012 to shareholders of record on April 30, 2012. Full Article
Fly Leasing Ltd Acquires Two B737-700s
Fly Leasing Ltd announced that it has acquired two Boeing 737-700 aircraft on lease to GOL Airlines, a low-cost carrier in Brazil. Terms of the transaction were not disclosed. Full Article
TEXT - S&P comments on Fly Leasing
Dec 3 - Standard & Poor's Ratings Services said today that its ratings and outlook on Bermuda-based aircraft lessor Fly Leasing Ltd. (BB/Stable/--) are unaffected by the company's announcement that Canadian-based Onex Corp. (not rated) has agreed to acquire a 50% stake in BBAM Ltd. (not rated), which manages Fly's portfolio and of which Fly owns 15%. Onex will also acquire $25 million of Fly's stock. In our opinion, the transaction will not likely result in any changes to Fly's financial policy
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