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Press release from PR Newswire

FLY Leasing Declares First Quarter Dividend of $0.20 per Share

Friday, April 13, 2012

FLY Leasing Declares First Quarter Dividend of $0.20 per Share09:30 EDT Friday, April 13, 2012DUBLIN, April 13, 2012 /PRNewswire/ -- FLY Leasing Limited (NYSE: FLY) ("FLY"), a leading global lessor of modern commercial jet aircraft, today announced that it has declared a quarterly cash dividend of $0.20 per common share for the first quarter of 2012. The dividend will be paid on May 21, 2012 to shareholders of record on April 30, 2012.About FLY FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience. For more information about FLY, please visit our website at www.flyleasing.com.  Cautionary Statement Regarding Forward-Looking StatementsThis press release contains certain "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for FLY's future business and financial performance. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. FLY expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, or otherwise.Contact:Matt DallasFLY Leasing Limited+1 203-769-5916ir@flyleasing.com   SOURCE FLY Leasing Limited