Loading

Fly Leasing repurchases shares‎

Analysis

FLY Leasing Limited has confirmed that on 08-Mar-2011 it repurchased 1.04 million shares of its stock for USD11.925 per share in a privately negotiated transaction. FLY repurchased the shares utilising its unrestricted cash.

The shares were repurchased outside of the existing share repurchase programme, which had USD12.4 million remaining as of 31-Dec-2010. Under the repurchase programme, FLY may make share repurchases from time to time in the open market or in privately negotiated transactions.

FLY has now repurchased 24% of its outstanding shares. Since Jun-2008, FLY has repurchased more than 8 million of its shares at an average price of less than USD8.00 per share. After the latest repurchase, FLY had a total of 25.7 million shares outstanding.

The company's shares fell 1.1% yesterday.

Selected Lessors daily share price movements (% change): 28-Mar-2011

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More