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FLY Leasing Limited Message Board

  • bbarberayr bbarberayr Dec 3, 2012 7:33 AM Flag

    Onex Investment

    So, Onex is buying 50% of BBAM including FLY's 15%.

    On the the one side, Onex has made a lot of investments into the aerospace industry, so obviously seems some good value here (it dopes not sound like a distressed sale), so perhaps they feel they can better grow things outside FLY, so perhaps it was just a good time to sell for FLY.

    On the other side, Colin has made many previous comments about the strength FLYgains by owning part of BBAM, so I wonder if these go away. Plus, Onex will likely have Noex's interests in the aircraft market ahead of FLY's.

    Will be interesting to see how the market reacts today. Best case is this is a precurser for Onex making a run for FLY.

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FLY
14.64+0.11(+0.76%)Jul 23 4:02 PMEDT

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