Steve zissis president and chief executive officer of bbam. Steven zissis was previously our chairman and has been a member. This is only the fourth example of a wholesale acquisition of a public leasing company since the acquisition of avolon holdings avol in 2016. Fly leasing limited is a bermuda exempted company that was incorporated. Fly financial strength as of today march 28, 2021 is 3. Tradeideas llc identified fly leasing fly as a strong on high relative volume candidate log in receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Steve zissis ceo, bbam board director, fly leasing. Get full fly access breaking market intelligence sent straight to you our team of experts analyze every news story and filter out the noise to deliver realtime market moving news. Weve passed up on three of them, so were left with 17. Why shares of fly leasing are falling today the motley fool.
A couple of the nominally based gilbert leasing fleet, piper pa s gbpaf and gedgi, were also noted presumably between leases or in for work. Fly fly, a global leader in aircraft leasing, today announced its financial results for the third quarter of 2020. Fly fly, a global leader in aircraft leasing, today announced its financial results for the first quarter of 2018. Employees were notified this morning, counsel said, and the carriers last flight landed wednesday evening.
Fly leasing ltd stock news fly company stock news and press. Fly leasing reports third quarter 2016 financial results. Mar 29, 2021 fly leasing limited fly is a global leader in commercial aircraft leasing. Get the latest fly leasing limited fly detailed stock quotes, stock data, realtime ecn, charts, stats and more. Fly was formed to acquire, finance, lease and sell commercial jet aircraft directly or indirectly through its subsidiaries fly and its subsidiaries collectively, the. Fly financial strength as of today january 11, 2021 is 3. Largest aircraft fleet acquisition for carlyle aviation partners. Fly leasing limited fly is a bermuda exempted company that was incorporated on may 3, 2007, under the provisions of section 14 of the companies act 1981 of bermuda. The fly leasing portfolio consists largely of a320 family aircraft and 737s, with a handful of widebodies, and is placed with 24 airlines globally.
In depth view into fly leasing enterprise value explanation, calculation, historical data and more. Fly leasing reported a profit of 90 cents when it published results during the same quarter last year. Prnewsfoto fly leasing limited at the closing of the initial stage of the transaction, fly will acquire 34 airbus a320200 aircraft and seven aircraft engines. Fly leasing limited is a bermuda exempted company that was incorporated on may 3, 2007, under the provisions of section 14 of the companies act 1981 of bermuda. Bbam is providing fly with unique access to a major investment opportunity that fly would not have been able to pursue on its own. Airways confirmed the news, with the carriers chief counsel in atlanta. Steven zissis was previously our chairman and has been a member of our board of. Colm barrington, 74, 2007, chief executive officer, director. This is matt dallas, the investor relations manager at fly leasing. He is the former chairman and ceo of international lease finance corporation ilfc, one of the two largest aircraft lessors in the world the other being ge capital aviation services. Stay up to date with lastest earnings announcements for fly leasing limited from zacks investment research. Feb 22, 2021 fly leasing is managed and serviced by bbam l. Fly leasing is listed on the new york stock exchange under the ticker symbol fly. Dublin, ireland, may 3, 2018 fly leasing limited nyse.
Feb 27, 2020 fly had a very good year in 2019, thanks to the implementation of our strategy and the comprehensive acquisition, financing, leasing, management and disposition services provided by bbams global. The liquidity situation has continued to improve amid strong cash from. Fly leasing limited fly was a big mover last session, as the company saw its shares rise over 8% on the day. Aercap is the global leader in aircraft leasing with, as of june 30, 2018, 1,471 owned, managed or on order aircraft in its portfolio. Therefore its current liabilities are equivalent to approximately 0. Feb 15, 2017 fly leasing has meaningfully transformed its business, reducing the age of its fleet, improving lease coverage, and improving the quality of its customer base, but the market hasnt cared. Fly leasing reports first quarter 2020 financial results. Fly leasing fly is an aircraft leasing investment company. New york global investment firm the carlyle group nasdaq. Fly leasing limited fly is a leading global aircraft leasing company with a fleet of modern, highdemand and fuelefficient commercial jet aircraft. Aug 01, 2020 zacks investment research upgraded shares of fly leasing nyse. However, aviation has been the industry most severely impacted by. Find the latest earnings report date for fly leasing limited fly at.
Its fleet comprises 110 aircraft, mostly airbus a320 and boeing 737 aircraft. The upside was driven by the companys announcement of solid thirdquarter 2016 results. We would like to show you a description here but the site wont allow us. Fly leasing to report third quarter 2020 financial results on november 12, 2020. San francisco bbam us lp 50 california street 14th floor san francisco, ca 94111 usa. Fourth quarter and full year 2018 earnings fly leasing. Alliance also provides aircraft component sales and leasing worldwide. Share your opinion and gain insight from other stock traders and investors. Fly leasing limited fly q1 2020 earnings call transcript the. Overview detailed quote charting historical prices. As a stock with high coverage by analysts, you could assume any recent changes in the companys outlook is already priced into the stock.
Aviation strategy the lessors react to growing fleet. Fly fly a global leader in aircraft leasing, announced today that it has entered into a definitive. Fly, fly leasing ltd stock quote performance, technical chart analysis, smartselect ratings, group leaders and the latest company headlines. Steve zissis, chief executive officer of bbam, commented. Fly leasing has little to show for meaningful improvement. Fly leasing limited fly q4 2019 earnings call transcript. We are principally engaged in purchasing commercial aircraft, which we lease under multiyear contracts to a diverse group of airlines throughout the world. Fly leasing limited fly q3 2019 earnings call transcript. Miami world airways ceased operations on thursday, nearly sixtysix years to the day it began on march 29, 1948.
Fly leasing ltd fly provides leasing of 85 commercial jet aircraft and other aviation assets to 36 airlines in 22 countries. Fly announced its quarterly earnings data on thursday, february, 25th. Fly does not manage its own fleet, instead leases are managed and executed by bbam, a leasing management firm. Fly leasing limited via public fly leasing reports. Steve was the leader of the bbam team that sponsored fly leasing limiteds ipo in. Fly leasing to acquire major aircraft portfolio bloomberg. Dublin, may 8, 2020 prnewswire fly leasing limited nyse. Fly leasing to report fourth quarter and full year 2020 financial results on february 25, 2021 feb 05 2021 fly. Fly from a strong sell rating to a hold rating in a research note released on tuesday morning, reports. Apr 01, 2021 fly leasing limited, through its subsidiaries, purchases and leases commercial aircraft under multiyear contracts to various airlines worldwide. Alliance operates fly in fly out fifo air charter services for the australian mining and resources industry, as well as private aircraft charters throughout australia, new zealand, the pacific islands and south east asia. Steven zissis was previously our chairman and has been a member of our. Fly leasing fly flagged as strong on high volume thestreet.
Aercap has one of the most attractive order books in the industry. Fly leasing not all is well under the surface nyse. Steve becomes an air plane, and fights in wwii, after he was drafted to the army in a previous video. As of december 31, 2020, it had a portfolio of 84 aircraft, including 75 narrowbody passenger aircraft and nine widebody passenger aircraft, as well as seven engines. Fly leasing limited strategy, swot and corporate finance report report is published on june 30, 2020 and has 35 pages in it. Grew operating lease rental revenue by more than 12%. The atlantabased carrier was unable to keep cash flowing to sustain operations. Strong airline industry fundamentals 4 robust global air traffic growth 6. In addition to low current liabilities making a negligible impact on roce, fly leasing earns a sound return on capital employed. Fly leasing limited fly earnings report date nasdaq. It leased boeing and airbus aircraft to major airlines worldwide. Fly strictly focuses on the investment and return of the aircraft instead of carrying out dayto. Fly fly, a global leader in aircraft leasing, today announced its financial results for the first quarter of 2020. Fly leasing limited fly q2 2019 earnings call transcript.
Bbam acts as manager of fly leasing and servicer of the aircraft portfolio under multiyear management and servicing. Fly leasing limited fly is a global leader in commercial aircraft leasing. Fly leasing limited, which is in the trade distributors business, and is based in ireland, led the nyse gainers with a relatively large price hike in the past couple of weeks. Find the latest fly leasing limited fly stock discussion in yahoo finances forum. Aircraft leases represent about 30% of cit group inc. Strong industry fundamentals 4 robust global air traffic growth 7. Fly s fleet of modern commercial aircraft is leased to airlines around the world under longterm lease contracts. Fly leasing limited strategy, swot and corporate finance. Fly leasing ltd stock news fly company stock news and. Fly acquires and leases its aircraft under longterm operating lease contracts to a diverse group of airlines throughout the world. He is the former chairman and ceo of international lease finance corporation ilfc, one of the two largest aircraft lessors in the world the other being.
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