Fly Leasing has acquired two Boeing 737-800 aircraft on lease to Transaero Airlines.

The aircraft, which were manufactured in 1998, were financed through a combination of secured bank debt and internal cash.

"The 737-800 is the most popular commercial aircraft in the world and is in high demand from airlines," comments Colm Barrington, Fly chief executive.

Last month, Fly said it sold one 2001-vintage 737-700 and two 1995-vintage Airbus A320-200s from its portfolio - achieving a "premium to net book value" - in line with its strategy of selling older assets and reinvesting in younger models.

The lessor has now sold 11 aircraft, generating aggregate gains in excess of $40 million above net book value.

Source: Air Transport Intelligence news