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 have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing 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.