FLY Leasing Limited announced it has signed agreements with a leading Asian airline to purchase and lease back three Airbus A330-300 aircraft. Under the terms of the agreements, FLY will purchase the first of the aircraft in the coming weeks and the two remaining aircraft later this year. Two of the aircraft were manufactured in 2013 and the third in 2014.

In a separate transaction, FLY said it purchased a B737-800 on a long-term lease to a leading European carrier.

“FLY has now purchased 12 aircraft in 2014. With the signing of an additional three aircraft in this sale and leaseback transaction, FLY is well on its way to beating its 15% fleet growth target for the second year in a row,” said Colm Barrington, CEO of FLY. “We look forward to continuing to expand our worldwide airline relationships as the 6.2% growth in global air traffic experienced in the first five months of 2014 continues to outpace historical trends.”

FLY now has a fleet of 118 aircraft on lease to more than 65 airlines in over 35 countries.