Willis Lease Finance has reported a record annual pre-tax profit of US$56.3 million, from US$36.0 million in 2017, including total revenues of US$348.3 million.
The Company’s 2018 pretax results were driven by continued revenue growth in the core leasing business and an increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve revenues of US$262.6 million were driven by high utilization of a lease portfolio that grew 24.6% to US$1.673 billion at year-end.
