Fly Leasing Appoints Julie Ruehl as Chief Financial Officer

Fly Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced it has appointed Julie Ruehl as its Chief Financial Officer, succeeding Gary Dales, who served as FLY's CFO for ten years.

"After a thorough and thoughtful search process, we are thrilled to welcome Julie aboard," said Colm Barrington, CEO of FLY. "Julie is a seasoned finance professional whose deep knowledge of accounting and background working with industry-leading corporations make her the right choice as our new CFO. I look forward to working closely with her as we continue to execute on our strategy."

"We would like to thank Gary Dales for a decade of service and dedication to FLY," added Barrington. "We wish Gary all the best in the next chapter of his life."

Prior to joining FLY, Ms. Ruehl previously served as the Vice President and Chief Accounting Officer for Big Heart Pet Brands and for its predecessor, Del Monte Corporation. Prior to that she was in a senior financial position with Sanmina Corporation, a global provider of electronics manufacturing services, and previously served as an Audit Partner at Arthur Andersen LLP. Ms. Ruehl graduated cum laude from Louisiana State University with a bachelor of science degree in Accounting.