FLY Leasing is planning to sell a total of 21 aircraft this year.

The lessor has identified nine sales, in addition to a 12-aircraft portfolio transaction for an aggregate price of approximately $295 million

announced in December 2018.

 One aircraft, from the additional sales, has closed, according to chief executive officer Colm Barrington.

Another eight are targeted for sale in the first half of 2019.

On the 12-aircraft portfolio, three units sold in the final quarter of this year. 

Another eight units from that portfolio have closed since the turn of the year, while the final aircraft is to close this month.