FLY Leasing announced that all agreements relating to its acquisition of 55 Airbus narrow-body aircraft and seven CFM engines on operating lease, and the option to purchase an additional 20 Airbus A320neo family aircraft, were approved by the shareholders of AirAsia Group Berhad at its extraordinary general meeting on May 14, 2018.

“The positive vote by AirAsia’s shareholders was the final approval needed to complete the acquisition,” said Colm Barrington, CEO of FLY Leasing. “The addition of these aircraft and engines will grow FLY’s fleet significantly and will drive improved returns for our shareholders. We look forward to completing the transfer of the 34 aircraft and seven engines that comprise the initial part of the transaction by the end of the third quarter.”

FLY is a global aircraft leasing company with a fleet of commercial jet aircraft. FLY leases its aircraft under multi-year operating lease contracts.