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FLY Leasing plans to stay a 'passive foreign investment company'.

AIRLINE INDUSTRY INFORMATION-(C)1997-2014 M2 COMMUNICATIONS

31 March 2014

FLY Leasing Ltd. (NYSE: FLY) said it has published its annual tax information statement for 2013 on its website.

This statement applies only to US shareholders who intend to file Form 8621 with their 2013 US tax returns.

For US federal income tax purposes, FLY Leasing will be treated as a passive foreign investment company for 2013 and expects to be treated as a PFIC for the foreseeable future.

To access the statement, visit the Tax Information page under the Investor Relations section of FLY's website at www.flyleasing.com.

FLY acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. Its website is at www.flyleasing.com.

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Date:Mar 31, 2014
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