FLY Leasing, announced it purchased and leased back three new Airbus A321 aircraft with an Asian airline.

“FLY is taking delivery of six brand new aircraft this quarter,” said Colm Barrington, CEO of FLY. “Along with the recently announced addition of three new Boeing 737-800s, the acquisition of these three new A321s continues our fleet growth program with the newest and most in-demand commercial aircraft. FLY has purchased and committed to approximately $1 billion of investment in new aircraft in 2014. We have announced the acquisition of 20 aircraft so far this year, further reducing our fleet age and increasing both our lease terms and lease revenues. We expect to continue this growth trajectory into 2015.”

FLY has a fleet of more than 120 aircraft on lease to more than 65 airlines in over 35 countries.