Carlyle Aviation Partners acquires FLY Leasing

More consolidation in the aviation leasing market as on 29 March, Carlyle Aviation Partners announced it has reached a deal to acquire FLY Leasing. The transaction, valued at 2.36 billion USD is expected to be finalized in the third quarter.

Carlyle Aviation Partners currently manages/leases-out a fleet of 246 aircraft at 91 customers worldwide. The acquisition of FLY Leasing will expand this with 84 aircraft leased-out to 31 airlines, of which a lot will become new clients for Carlyle.

Earlier this year, General Electric announced it would sell-off its subsidiary GECAS to competitor AerCap, forming the largest lessor in the world.

Illustration by FLY Leasing.