Willis Lease Finance Corporation (WLFC), the prominent lessor of commercial aircraft engines and global provider of aviation services, has announced the successful closing of three Japanese operating lease with call option (JOLCO) transactions, securing a total of US$64.8 million in financing.
Two of the financings were completed in the first quarter of 2025, covering a PW1127GA-JM engine and a PW1133G-JM engine, respectively. Both loans mature in 2033. The third transaction, which closed in April 2025, financed a LEAP-1A engine and will mature in 2034.
These transactions bring the company's total JOLCO financings to approximately US$119.8 million, further enhancing WLFC's capital structure and providing additional flexibility to support its global customer base.
“The JOLCO market remains an attractive way to diversify financing options and we're proud to deepen our relationship with Japanese counterparties,” said Scott B. Flaherty, WLFC EVP and Chief Financial Officer. “Through global capital sources like this, WLFC is able to offer our airline customers compelling lease and financing solutions.”
WLFC completed its first JOLCO engine transaction in August 2023 and continues to expand its presence in this market segment.
WLFC offers innovative and customised leasing solutions to airlines, OEMs, and MRO providers worldwide, with a focus on delivering value through long-term partnerships and reliable access to critical aviation assets.
