Willis Lease Finance earns $4.2 million in second quarter

Willis Lease Finance Corporation reported solid second quarter and year-to-date profitability fueled by growth in its lease portfolio as well as lower borrowing costs. Second quarter 2009 net income available to common shareholders totaled $4.2 million compared to $5.6 million in the like quarter a year ago. Net income available to common shareholders in the first six months of 2009 increased 5.2% to $10.5 million compared to $10.0 million in the first six months of 2008.