Willis Lease Finance net income increases 16% to $5.1 million in 1Q08

Willis Lease Finance Corporation reported high utilization of its growing engine portfolio and continuing strong demand for leased engines contributed to 19% year-over-year revenue growth in the first quarter of 2008. Willis Lease generated net income available to common stockholders of $4.3 million, or $0.49 per diluted share, in the first quarter of 2008, up 19% from $3.6 million, or $0.42 per diluted share, in the first quarter of 2007.