Industry Addendum: Leasing
AirAsia shareholders approve Fly Leasing portfolio acquisition
June 1st 2018
AirAsia Group shareholders last month approved Fly Leasing Ltd’s (FLY)’s acquisition of 55 Airbus narrow bodies and seven CFM engines on operating lease from the Malaysian company. Read More » The deal, approved at an extraordinary general meeting of AirAsia Group shareholders, included the option to purchase 20 more A320neo family aircraft .
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“This positive vote by AirAsia’s shareholders was the final approval needed to complete the transition,” FLY CEO Colm Barrington said. “The addition of these aircraft and engines will grow FLY’s fleet significantly and will drive improved returns for our shareholders. We look forward to completing the transfer of the 34 aircraft and seven engines that will comprise the initial part of the transaction by the end of the third quarter.”
