Ireland’s FLY Leasing posted a $29.1 million net loss for 2016, reversed from a $22.8 million net profit in 2015. The Dublin-based lessor said the loss was primarily driven by a $92 million non-cash impairment charge imposed during the 2016 fourth quarter. Aside from the charge, FLY’s 2016 adjusted net income for the year was $79.3 million, down 40% from $132 million in adjusted net income for 2015. During the fourth quarter of 2016, FLY wrote down three vintage aircraft to ...

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