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 ...


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