Willis Lease Finance reports strong engine leasing activity in December 2013

Willis Lease Finance Corporation reported it closed 2013 with one of the strongest months of new leasing activity in the company’s history. “We ended 2013 by purchasing six brand new engines for over $75m and closing new lease agreements for 19 engines, making December one of the most productive months we’ve ever had,” said Charles F. Willis, Chairman and CEO. “Excluding two off-lease engines purchased just prior to year-end, our portfolio utilization reached 87%, which represents significant improvement over the preceding quarter-end level of 85%, and the highest level of 2013. While this year-end activity will have little impact on 2013 financial results, it is a great way to launch 2014.”