OCTOBER 20TH, 2016

FLY Leasing Extends 2012 Term Loan

DUBLIN, Ireland, October 20, 2016 – FLY Leasing Limited (NYSE: FLY) (“FLY”), a global leader in aircraft leasing, today announced that it extended the maturity date of its 2012 Term Loan from August 2019 to February 2022. The Term Loan had a balance of approximately $410 million as of September 30, 2016. In connection with the extension, FLY paid its lenders a one-time fee of 0.25% of the current outstanding principal amount.

“FLY continues to manage its liability structure in an aggressive manner, taking every opportunity to extend its debt maturities, de-risk its financial position and secure attractive, long-term financing to fund growth,” said Colm Barrington, CEO of FLY.