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Stock Market & Financial Investment News

News Breaks
June 12, 2014
07:37 EDTFLYFly Leasing sells four older aircraft
FLY Leasing has sold four aircraft from its portfolio. The four aircraft have an average age of 14 years and the sales will further reduce the age of FLY's fleet. The sales generated a gain over FLY's net book value. FLY has now sold five aircraft in Q2.
News For FLY From The Last 14 Days
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May 20, 2015
07:56 EDTFLYFly Leasing aircraft sale would be positive catalyst, says Wells Fargo
Based on a report by Fitch Ratings, Wells Fargo believes that Fly Leasing may be preparing to sell over 15% of its aircraft. The firm says that such a transaction would improve the company's book value per share and price to book multiple,liberate cash for accretive uses, and reduce aircraft remarketing risk. The firm keeps an Outperform rating on the shares.

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