Carlyle Completes Fly Leasing Deal
Carlyle Aviation Partners has completed a deal to acquire Dublin based Fly Leasing. The closing of the transaction follows the receipt of regulatory approval from all government authorities required by the merger agreement and approval by FLY’s shareholders. The proposal for this deal was first made public last March. Carlyle Aviation is the commercial aviation investment and servicing arm within Carlyle’s $61 billion Global Credit platform. Carlyle Aviation used funds from its fifth aviation fund, SASOF V, for this acquisition.
As a result of the deal, FLY has announced that it requested that trading its shares on the New York Stock Exchange be suspended as of August 3, 2021. As of June 30, 2021, Carlyle has a team of more than 90 employees and offices in the US, Ireland and Singapore. FLY is a global aircraft leasing company with a fleet of modern and fuel-efficient commercial jet aircraft. FLY leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world
