Willis Lease Finance has reported annual total revenues of US$409.2 million and pre-tax profit of US$88.9 million for the year ended December 31, 2019.
The Company’s 2019 pre-tax results were driven by continued leasing revenue growth as well as gains associated with the active management of its portfolio. Aggregate lease rent and maintenance reserve revenues were US$299.7 million for 2019. The Company’s results also include US$18.2 million of non-cash write downs.
As of December 31, 2019, the Company had a total lease portfolio consisting of 263 engines, 12 aircraft, 10 other leased parts and equipment and one marine vessel with a net book value of US$1.651 billion. As of December 31, 2018, the Company had a total lease portfolio consisting of 244 engines, 17 aircraft and 10 other leased parts and equipment, with a net book value of US$1.673 billion.
