Fly Leasing Limited (NYSE:FLY) will look for acquisitions. Colm Barrington, Chief Executive Officer said "we have maintained a book value per share of nearly $26, which is more than twice our current share price. For the future, we have no near-term CapEx commitments, have low leverage and no near-term debt maturities. A result, we have financial flexibility, and are free to pursue our opportunistic acquisitions strategy when market conditions support it".