August 27, 2020

VIA EDGAR

United States Securities and Exchange Commission

Division of Corporation Finance

100 F Street, NE

Washington, DC 20549

RE: Fly Leasing Limited
Registration Statement on Form F-3
Filed August 18, 2020
File No. 333-248082

Ladies and Gentlemen:

Pursuant to Rule 461 under the Securities Act of 1933, as amended, Fly Leasing Limited (the “Registrant”) hereby requests that the effectiveness of the Registration Statement on Form F-3 (File No. 333-248082) (the “Registration Statement”) be accelerated so that the Registration Statement becomes effective at 4:30 p.m. (New York City time) on August 31, 2020 or as soon thereafter as is practicable.

Please contact Boris Dolgonos of Gibson, Dunn & Crutcher LLP at (212) 351-4046 if you have any questions concerning the foregoing. Thank you for your attention to this matter.

*          *          *

Very truly yours,
FLY LEASING LIMITED
By:	/s/ Julie Ruehl
	Name:	Julie Ruehl
	Title:	Chief Financial Officer

cc: Boris Dolgonos, Gibson, Dunn & Crutcher LLP