Fly Leasing reports Q1 2021 net loss of $3.4 million 6 hours ago In the quarter, FLY’s revenues and net income were again adversely impacted by the global pandemic. Fly Leasing reported total revenues of $80.9 million in Q1 2021 At March 31, 2021, FLY’s total assets were $3.1 billion Fly Leasing Limited, a global aircraft leasing company, today announced its financial results for the first quarter of 2021. Highlights Total revenues of $80.9 million Net loss of $3.4 million, $0.11 per share Unrestricted cash and cash equivalents of $117.2 million $157 million net book value of unencumbered assets “The pending acquisition of Fly Leasing by an affiliate of Carlyle Aviation Partners is on track and is expected to close in the third quarter,” said Colm Barrington, CEO of FLY. “We believe that this transaction represents strong value for FLY shareholders with the per share cash consideration representing a premium of nearly 30% to FLY’s closing price on March 26, 2021, the last trading day prior to the merger announcement.”