Willis Lease Finance Corporation (WLFC) has signed a definitive agreement to acquire 12 commercial aircraft and 13 aircraft engines.
The acquisition strengthens WLFC’s aircraft leasing portfolio while complementing its asset management, technical and aftermarket capabilities, enhancing the company’s ability to support customers throughout the aviation asset lifecycle.
“This transaction provides an opportunity to grow our portfolio as well as our customer base,” said Austin C. Willis, Chief Executive Officer of WLFC. “It also strengthens our aircraft leasing business, where we can create additional value through engine-based programmes such as ConstantThrust®.”
The transaction remains subject to customary closing conditions.
Milbank LLP acted as legal adviser to WLFC, while PricewaterhouseCoopers LLP provided accounting, tax and financial due diligence services. The seller was advised by Vedder as legal counsel and KPMG Ireland as tax and accounting adviser.
