Willis Lease Finance repurchases 443,561 shares of common stock for $6.1m

Willis Lease Finance Corporation has repurchased 443,561 shares of common stock at an average price of $13.79 per share for $6.1m. The shares were purchased under the five-year plan authorized earlier this month by the Board of Directors. Willis Lease has 8.9m shares of common stock outstanding following these repurchases. In the first six months of 2012, Willis Lease generated net income available to common shareholders of $5.0m compared to $7.0m in the first six months of 2011. Tangible book value per common share was $22.62 at June 30, 2012, compared to $22.24 a year ago.