FLY Leasing Stock Price, News & Analysis

Firefly Aerospace (NYSE:FLY) has secured a $176.7 million NASA contract for its fourth lunar mission under the Commercial Lunar Payload Services (CLPS) program. The mission, scheduled for 2029, will utilize Firefly's Elytra orbital vehicle and Blue Ghost lunar lander to deliver five NASA payloads to the Moon's south pole.

The mission will deploy two rovers (MoonRanger and a Canadian Space Agency rover) and three scientific instruments to study lunar resources, radiation, and thermal conditions. The Elytra Dark transfer vehicle will provide communications relay and join Firefly's lunar imaging constellation, offering services for over five years after the mission.

Firefly Aerospace has announced the launch of its Initial Public Offering (IPO) with plans to offer 16.2 million shares of common stock. The company expects the IPO price to range between $35.00 and $39.00 per share, with an additional 30-day option for underwriters to purchase up to 2.43 million shares.

The space and defense technology company plans to list on the Nasdaq Global Market under the symbol "FLY". The IPO proceeds will be used to repay outstanding borrowings, pay preferred stock dividends, and for general corporate purposes. Goldman Sachs, J.P. Morgan, Jefferies, and Wells Fargo Securities are serving as lead bookrunning managers for the offering.

Dublin and New York, Aug. 2, 2021 /PRNewswire/ -- Carlyle (NASDAQ: CG) has completed its acquisition of Fly Leasing Limited (NYSE: FLY) through Carlyle Aviation Partners, utilizing funds from its $61 billion Global Credit platform. The transaction followed all necessary regulatory approvals and shareholder consent. As part of the merger, FLY shareholders will receive $17.05 per share. Additionally, FLY has requested the suspension of trading of its ADSs on NYSE, with plans for delisting and deregistration. The Exchange Offer for FLY's senior notes, which expired on July 30, saw approximately 97% participation.

Fly Leasing Limited (NYSE: FLY) reported its Q1 2021 results, highlighting total revenues of $80.9 million and a net loss of $3.4 million ($0.11 per share). The company signed a merger agreement to be acquired by Carlyle Aviation for $17.05 per share, a nearly 30% premium to its closing price prior to the announcement. As of March 31, 2021, FLY held $117.2 million in unrestricted cash and a net book value of $157 million in unencumbered assets. The merger is expected to close in Q3 2021.

Fly Leasing Limited (NYSE: FLY) announced it will release its first quarter 2021 earnings on May 13, 2021, before the market opens. FLY will forgo hosting an earnings call due to a pending transaction disclosed on March 29, 2021. FLY is recognized for leasing modern, fuel-efficient aircraft globally under multi-year contracts, targeting various airlines. Managed by BBAM LP, FLY continues to play a pivotal role in the aircraft leasing sector.

Fly Leasing Limited (NYSE: FLY) announced a definitive agreement to be acquired by Carlyle Aviation Partners for $17.05 per share, totaling about $520 million in equity valuation and $2.36 billion enterprise value. This offer represents a 29% premium over FLY's closing stock price on March 26, 2021, and a 43% premium over the average price during the last 30 days. The deal, aimed to benefit shareholders amid challenging market conditions, is expected to close in Q3 2021, pending regulatory and shareholder approvals.

FLY Leasing Limited (NYSE: FLY), a leader in aircraft leasing, has filed its annual report on Form 20-F with the SEC for the fiscal year ended December 31, 2020. The report includes audited financial statements and can be accessed on FLY's website and the SEC's site. Shareholders can request a complimentary paper copy of the report. FLY operates a fleet of modern, fuel-efficient commercial jet aircraft leased to a diverse range of global airlines, managed by BBAM LP.