BRIEF-Fly Leasing places Air Berlin on non-accrual status [Reuters]
Fly Leasing Ltd (FLY)
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Source: Reuters
BRIEF-Fly Leasing places Air Berlin on non-accrual status | Reuters Reuters Staff 1 Min Read Sept 25 (Reuters) - Fly Leasing Ltd: * Says due to insolvency proceedings, co placed Air Berlin on non-accrual status, will recognize revenue from two leases as cash is received * Says due to availability of security deposits, letters of credit, co does not expect negative impact on operating lease rental revenue for Q3 * says as a result of insolvency proceedings, Fly intends to assess both of the aircraft leased to Air Berlin for impairment * Says believes that it is likely that there will be an impairment charge on the Airbus A330-200 aircraft Source text: ( bit.ly/2htADVX ) Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved. BRIEF-Fly Leasing places Air Berlin on non-accrual status Sept 25 (Reuters) - Fly Leasing Ltd: * Says due to insolvency proceedings, co placed Air Berl
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