Fly Leasing Limited announced it has received shareholder approval to be acquired by an affiliate of Carlyle Aviation Partners, the commercial aviation investment and servicing arm within Carlyle’s $59 billion Global Credit platform. Approximately 99.9 percent of the votes cast at the special general meeting of FLY’s shareholders voted in favor of the transaction.

Closing of the transaction remains subject to the satisfaction or waiver of customary closing conditions, including receipt of regulatory approvals. The transaction is expected to close prior to the end of July 2021. Upon closing, FLY shareholders will receive $17.05 per share in cash for each FLY share that they own.

Following the closing of the transaction, FLY shares will no longer be listed on the New York Stock Exchange and the company will become part of Carlyle Aviation.