A private equity firm’s agreement to acquire a 50% stake in commercial jet manager BBAM for $165 million could accelerate growth at Fly Leasing, which stands to gain $75 million from the deal and a recently closed $250 million acquisition financing facility. Dublin-based Fly has 110 aircraft in its portfolio and currently owns a 15% interest in San Francisco-based BBAM. BBAM sponsored Fly’s initial public offering in 2007, manages and services Fly’s fleet and has three senior executives ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Private Equity Deal Could Boost Fly Leasing's Growth".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.