Babcock & Brown Air (FLY) to Buyback $30M of Stock
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Babcock & Brown Air Limited (NYSE: FLY) today announced that its Board has authorized the repurchase of up to $30 million of it shares over the next 12 months. B&B Air expects the purchases to be made from time to time in the open market or in privately negotiated transactions, and will be funded from the company's available cash.
Babcock & Brown Air Limited, through its subsidiaries, acquires, finances, leases, and sells commercial jet aircraft and other aviation assets worldwide.
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