FLY Leasing Business and Industry Analysis

FLY Leasing has a diverse portfolio of over 270 aircraft, including narrow-body and wide-body jets, as well as turboprop planes.

The company's fleet is comprised of aircraft from various manufacturers, such as Airbus, Boeing, and Bombardier.

FLY Leasing's business model is based on leasing aircraft to airlines and other operators, providing them with access to a wide range of aircraft without the need to purchase or maintain them.

FLY Leasing generates revenue through the lease of its aircraft, as well as through the sale and leaseback of aircraft.

A fresh viewpoint: Aircraft Leasing Companies

FLY Leasing is an aircraft leasing investment company with a fleet of 110 aircraft, mostly Airbus A320 and Boeing 737 planes. FLY's fleet is managed by BBAM, a leasing management firm, allowing FLY to focus on investment and returns.

FLY has a relatively small number of employees, a result of outsourcing day-to-day operations. This approach enables FLY to maintain a lean operation.

FLY Leasing is a public company traded on the New York Stock Exchange under the ticker symbol FLY. It is headquartered in Dublin, Ireland, a hub for the aircraft leasing industry.

In 2018, FLY reported revenue of $418.3 million and total assets of $4.2 billion. Total equity stood at $702.1 million the same year.

Here's a brief overview of FLY's key personnel:

Fly Leasing Limited has been in the news for various reasons. Here's a summary of the key events:

Fly Leasing Limited reported its earnings results for the second quarter and six months ended June 30, 2024, on October 24, 2009.

The company's earnings results for the full year ended December 31, 2023, were reported on June 2, 2024.

On May 19, 2023, Fly Leasing Limited announced the appointment of an alternate director.

AirAsia Berhad, a Malaysian airline, secured a significant stake in Fly Leasing Limited and received nearly $57 million from the sale.

Fly Leasing Limited launched a $100 million tack-on senior notes offering, which was priced on August 3, 2021.

The company's shareholders approved the pending acquisition by Carlyle Aviation Partners Affiliate on June 11, 2021.

Fly Leasing Limited swung to a loss in Q1 2021 as revenue dropped.

Here's a list of the key events in chronological order:

Fly Leasing has a clear management structure in place. Javier Meireles is the Director of Finance/CFO.

Javier Meireles has held the position of Director of Finance/CFO since an unspecified date. His age is not publicly disclosed.

The company's management team is led by Javier Meireles, who serves as the Director of Finance/CFO.

For another approach, see: Finance Lease

Several analysts have provided recommendations on Fly Leasing Limited.

JPMorgan downgraded Fly Leasing to Underweight from Overweight on April 5, 2021, and adjusted the price target to $17 from $15.

Cowen also downgraded Fly Leasing to Market Perform from Outperform on the same day, setting a price target of $17.05.

Deutsche Bank made two adjustments to Fly Leasing's price target: they adjusted it to $13 from $10 on March 19, 2021, and also downgraded the company to Hold from Buy on February 26, 2021, with a price target of $10.

Cowen previously adjusted Fly Leasing's price target to $13 from $9 on January 26, 2021, while maintaining an Outperform rating.

Here are the analysts' recommendations in a table:

FLY Leasing offers business support services tailored to specific country editions, providing financial news and data that's relevant to each region.

Their business support services are designed to help companies navigate complex financial landscapes, making it easier to make informed decisions.

Selecting the right edition is crucial, as it ensures that the financial news and data is relevant to the company's specific needs and location.

This approach allows FLY Leasing to offer a more personalized and effective business support experience for their clients.

A unique perspective: First Data

FLY Leasing operates within the industrials sector, specifically in the industrial and commercial services category.

The company's NAICS codes are 532, 53, 53241, and 5324, which indicate its classification within the North American industry classification system.

Here is a breakdown of FLY Leasing's NAICS codes:

FLY Leasing's SIC codes, on the other hand, are 44 and 449, which are part of the standard industrial classification system used in the United States.

The Sector is a crucial part of understanding the industry, and Fly Leasing Limited (NYSE: FLY) gives us a great example. Fly Leasing Limited's NAICS codes indicate its involvement in the Sector.

Fly Leasing Limited's Sector is classified as Industrials, which is a broad category that encompasses various industries.

Within Industrials, Fly Leasing Limited operates under the subcategory Industrial & Commercial Services.

This subcategory is further divided into Professional & Commercial Services, which is a key area of focus for Fly Leasing Limited.

Suggestion: GE Capital Aviation Services

Breaking it down further, Fly Leasing Limited's activities fall under Business Support Services.

More specifically, Fly Leasing Limited is involved in Commercial Equipment Rental, which is a key aspect of its business.

Here's a summary of Fly Leasing Limited's Sector classification:

The SIC code is a crucial piece of information for investors and analysts. Fly Leasing Limited (NYSE: FLY) has SIC codes of 44 and 449.

Understanding the SIC code is essential for categorizing companies within specific industries. For Fly Leasing Limited, these codes indicate its involvement in the transportation industry.

The SIC codes provide a standardized way to classify businesses. This classification helps investors and analysts quickly identify the company's sector and industry.

Knowing the SIC code can be useful when researching companies or creating investment portfolios.

See what others are reading: Nab Bank Australia Swift Code

Carlyle Aviation Partners is acquiring Fly Leasing Limited for $17.05 per share in cash.

The total equity valuation of the transaction is approximately $520 million.

This acquisition represents a premium of approximately 29% to Fly Leasing's closing price on March 26, 2021.

The total enterprise value of the transaction is approximately $2.36 billion.

Fly Leasing's portfolio of 84 aircraft and seven engines is on lease to 37 airlines in 22 countries.

The transaction is expected to close in the third quarter of 2021.

Goldman Sachs & Co. LLC is acting as financial advisor to Fly Leasing.

RBC Capital Markets is acting as financial advisor and providing financing to Carlyle Aviation on the transaction.

The acquisition is subject to customary closing conditions, including applicable regulatory clearance and the approval of Fly Leasing's shareholders.

Recommended read: 2021 Takeover of Newcastle United F.C.