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.
Fly Leasing price target raised to $25 from $22 at RBC Capital RBC Capital increased its price target on Fly Leasing after the company announced that it would sell a number of its aircraft for $985M. The firm says that the deal will raise the company's ROE, and it thinks the stock's valuation is "very attractive." It keeps an Outperform rating on the shares.