|August 7, 2014|
|09:06 EDT||FLY||Fly Leasing acquires two more aircraft|
FLY Leasing has acquired a Boeing 737-800 to be leased to a leading airline in North America and an Airbus A330-300 on lease to a leading airline in Asia. The Airbus aircraft is the first of three A330s that FLY is acquiring in a sale and leaseback transaction with the Asian airline.
News For FLY From The Last 14 Days
|November 17, 2015|
|08:32 EDT||FLY||Fly Leasing commences self-tender offer for up to $75M of common shares|
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|November 13, 2015|
|10:00 EDT||FLY||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Abbott (ABT) downgraded to Neutral from Buy at Goldman... Advance Auto Parts (AAP) downgraded after Q3 miss at Sterne Agee CRT... CafePress (PRSS) downgraded to Underperform from Market Perform at Raymond James... Ctrip.com (CTRP) downgraded to Outperform from Strong Buy at Raymond James... CubeSmart (CUBE) downgraded to Outperform from Strong Buy at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at Citi... Digital Ally (DGLY) downgraded to Neutral from Buy at Roth Capital... El Pollo Loco (LOCO) downgraded to Neutral at Baird... F5 Networks (FFIV) downgraded to Market Perform from Outperform at William Blair... FirstMerit (FMER) downgraded on stock outperformance at Raymond James... Fly Leasing (FLY) downgraded to Underweight from Neutral at JPMorgan... GameStop (GME) downgraded on valuation, digital impact at Pacific Crest... Histogenics (HSGX) downgraded to Neutral from Buy at BTIG... MaxPoint (MXPT) downgraded to Hold from Buy at Needham... Memorial Resource (MRD) downgraded to Outperform at Scotia Howard Weil... Rite Aid (RAD) downgraded to Neutral from Overweight at JPMorgan... Rubicon Minerals (RBY) downgraded to Sell from Hold at Canaccord... SABMiller (SBMRY) downgraded to Hold from Buy at Berenberg... Sensata (ST) downgraded at SunTrust... Stryker (SYK) downgraded to Neutral from Buy at Goldman.
|06:34 EDT||FLY||Fly Leasing downgraded to Underweight from Neutral at JPMorgan|
JPMorgan analyst Jamie Baker downgraded Fly Leasing to Underweight citing the company's "below-peer" growth prospects and execution risk on securing new aircraft at attractive valuations. Baker lowered his price target for shares to $14 from $16.
|November 12, 2015|
|07:03 EDT||FLY||Fly Leasing announces $100M share repurchase program|
FLY announced that its board approved a $100M share repurchase plan, including a $75M modified Dutch auction tender offer, replacing its dividend. The share repurchases will be funded using FLY's unrestricted cash. The $25M open market share repurchase plan will be authorized through the end of 2016 and may be suspended or discontinued at any time. BBAM shareholders have informed FLY's board that they intend to acquire an additional $10M of shares in the open market following the tender offer. Under FLY's previously authorized share repurchase program, through September 30, 2015, the company repurchased 141,773 shares at an average price of $13.01 per share for a total cost of approximately $1.9 million. Subsequent to quarter end, FLY acquired an additional 279,556 shares through November 11, 2015, for a total aggregate of 421,329 shares and a total cost of $5.5 million.
|07:02 EDT||FLY||Fly Leasing reports total assets at September 30, 2015 were $4B|
Total cash at September 30, 2015 was $564.6 million, of which $378.9 million is unrestricted.
|07:02 EDT||FLY||Fly Leasing reports Q3 adjusted EPS 78c, consensus 65c|
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