Willis Lease Finance Corporation purchased twenty-five PW1100G-JM and PW1500G GTF™ aircraft engines from Pratt & Whitney and an affiliate company in December 2020. The transaction also includes a long-term
maintenance and support agreement with Pratt & Whitney and an affiliate company, enabling Willis Lease to offer engines maintained to the highest quality standard through Pratt & Whitney's GTF MRO network. The engines, together with associated maintenance, are valued at over US$400 million.
“We have seen the trend continuing for airlines to demand engines on a ‘just in time' basis. The bulk purchase of the GTF™ engines provides us the foundation for the scale required to deliver these engines through our ConstantAccess™ programs,” said Austin C. Willis, SVP of Corporate Development at Willis Lease.
