Fly Leasing (FLY) Misses Q1 EPS by 3c

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FLYHT Aerospace Solutions Ltd. Announces Receipt of New Certifications to Advance Customer Installs

May 18, 2016 7:04 AM EDT

CALGARY, AB -- (Marketwired) -- 05/18/16 -- FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the "Company" or "FLYHT") announced that supplemental type certificates ("STCs") have been received for the Automated Flight Information Reporting System ("AFIRS") 228 on multiple aircraft types.

The approved aircraft types include the ATR 42-500 "600 version" and the ATR 72-212A "600 version" from the European Aviation Safety Agency ("EASA"), the Boeing B757-200 aircraft from the Federal Aviation Administration ("FAA") and the Transport Canada Civil Aviation ("TCCA") STC for the... More

FLY Leasing Reports First Quarter 2016 Financial Results

May 18, 2016 7:00 AM EDT

DUBLIN, May 18, 2016 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a global lessor of modern, fuel-efficient commercial jet aircraft, today announced its financial results for the first quarter of 2016.

First Quarter 2016 Highlights

Adjusted Net Income of $16.2 million, $0.47 per share Net income of $7.1 million, $0.21 per share Closed $385 million aircraft acquisition facility Sold ten aircraft generating gross proceeds of $60 million after debt repayment $445 million of aircraft acquisitions scheduled to close in... More