It also had an operating leasing business (Babcock & Brown Aircraft Management), listed in NY under the ticker symbol FLY, which generated 24% of net revenue and managed around 300 leased commercial jets for airline clients, in a portfolio worth approximately US$8.1 billion on 1 June 2008, one of the largest portfolios of commercial jets in the world. FLY did not appear to have been materially affected by the problems at B&B. Babcock and Brown Air changed its name to FLY Leasing in February 2010. The senior management of FLY Leasing's manager (Babcock and Brown Aircraft Management) completed a MBO of Babcock and Brown's aircraft leasing business in April 2010. The company was renamed BBAM LLC. In 2017, BBAM was the seventh largest aircraft leasing company in the world, managing a fleet of 390 aircraft.