Fly Leasing Shows 2018 Q2 Performance

The aircraft leasing specialist Fly Leasing has officially reported its financial performance for the second quarter of 2018 in a report, showing a strong period and a stable presence on the market.

The company’s net income during the time period reached $24.3 million, while it’s adjusted net income was recorded at $25.2 million.

The lease rental revenue of the company overall rose by 10 percent, while its book value per share was calculated at $21.02. During the second quarter of the year, Fly Leasing has completed the sale of two aircraft in contracts worth $15.6 million.

The Chief Executive Officer of Fly Leasing, Colm Barrington, shared that the successful results have been positively influenced by the fleet improvements made within the company’s portfolio. In February, the company shared that its portfolio had reached 55 aircraft and transfers have now officially begun.

The company also purchased 34 Airbus A320s, which are to be added to its portfolio during the third quarter of the year.

Source: Aviator