Willis Lease Finance reports 2011 net income up 20%

Willis Lease Finance Corporation reported that 2011 net income grew 20% to $14.5m and net income available to common shareholders increased 28% to $11.4m up from $8.9m a year ago.Willis Lease earned $3.6m in the fourth quarter ended December 31, 2011, compared to $4.0m in the fourth quarter a year ago. After payment of preferred dividends, net income available to common shareholders was $2.9m in the fourth quarter of 2011, compared to $3.2m a year ago.