Transport

Fly Leasing buys four new aircraft

Boeing and Airbus planes already leased to European and Asian airlines

Colm Barrington, former chairman of Aer Lingus and CEO of Fly Leasing: “We are thrilled to have added our first new generation 737 Max 8 to the fleet and to have added our fifth 787.” Photograph: Alan Betson
Colm Barrington, former chairman of Aer Lingus and CEO of Fly Leasing: “We are thrilled to have added our first new generation 737 Max 8 to the fleet and to have added our fifth 787.” Photograph: Alan Betson
Mon Jul 10 2017 - 16:28

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.

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“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.