Willis Lease and China Aviation Supplies Corp announce engine leasing joint venture

Willis Lease Finance Corporation (WLFC), the premier independent jet engine lessor in the commercial finance sector, and China Aviation Supplies Import & Export Corporation Limited (“CASC”), a Chinese leader in aviation supplies trade, distribution and logistics, announced the launch of CASC Willis Engine Lease Company Limited (“CASC Willis”), a new 50/50 joint venture. The new company will be dedicated to supplying Chinese airlines with the best engine support solutions and creating an engine resource sharing platform. CASC Willis will be based in Shanghai and will concentrate on meeting the fast growing demand for leased commercial aircraft engines and aviation assets in the People’s Republic of China.