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For Immediate Release | Official News Wire for the Travel Industry

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Fly Leasing completes sale of a $295 million portfolio of 12 aircraft

April 18, 2019 by Forimmediaterelease

Fly Leasing Limited announced that it has completed the sale of a portfolio of 12 aircraft for an aggregate price of approximately $295 million. The portfolio was comprised of Airbus A320 and Boeing B737 narrow-body aircraft with an average age of over 10 years.

“This portfolio sale accomplishes several strategic objectives; including generating free cash, reducing leverage, reducing our lessee concentration, and lowering the average age of our fleet,” said Colm Barrington, CEO of FLY. “This is another example of how FLY has consistently sold aircraft from its portfolio at premiums to book value, underscoring the strong value of our fleet.”

Three sales were recognized in the fourth quarter of 2018, eight sales were completed in the first quarter of 2019, and the final sale was completed in April. The sales were at a premium to net book value. FLY will be reporting its first quarter results on May 9th, as previously announced.

Travel News | eTurboNews

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Tourism Ireland: Ensuring Ireland is “Top Of Mind”

March 27, 2019 by Forimmediaterelease

The second in a series of four Tourism Ireland workshops was held that will take place in France during 2019 to highlight ease of access from France to Ireland and deliver more business to Ireland’s regions in the off-peak season. The first workshop took place in Toulouse in January, with other workshops planned to take place in Lyon and Nice in the coming months.

Tourism businesses from the island of Ireland and France came together in Bordeaux this week to take part in a B2B workshop and networking event organized by Tourism Ireland. The businesses met with local travel agents to inform and educate them about the island of Ireland and, in particular, its lesser-known attractions and hidden gems.

Tourism Ireland’s manager for Southern Europe, Monica MacLaverty, commented, “Our workshop and networking event was an excellent opportunity to meet, and do business with, travel agents in Bordeaux, ensuring that the island of Ireland is ‘top of mind’ for the travel agents this year when recommending and booking holidays for their clients.

“With Aer Lingus and Ryanair flights from Dublin to Bordeaux, our aim is to highlight ease of access to Ireland for people living in this part of France. We are also aiming to drive growth to the regions and to encourage French holidaymakers to travel to Ireland in the shoulder season months.”

Travel News | eTurboNews

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