Willis Lease Finance Corp. (WLFC) reported its financial results for the second quarter (Q2) ended June 30, 2026, as the company continued expanding its asset management platform.
Chief Executive Officer Austin C. Willis said the first half of 2026 focused on establishing Willis Aviation Capital, with assets under management (AUM) increasing 21% year over year.
The company reported income from operations of US$34.0 million in Q2, an increase of 20.2%, while lease rent revenue rose 6.7% to US$77.1 million in Q2 from US$72.3 million a year earlier, driven by a larger average lease portfolio.
WLFC recognised US$7.5 million in long-term maintenance revenue during the quarter, compared with US$0.5 million a year earlier, reflecting the release of maintenance reserve liabilities at the end of lease terms.
Gains on sales of leased equipment increased to US$32.0 million from US$27.6 million a year earlier. WLFC sold 21 engines and other parts and equipment during the quarter, compared with 14 engines, two airframes and other equipment in the prior-year period.
In March 2026, the company’s investment fund partnership with Liberty Mutual Investments commenced operations, followed by the launch of its partnership with Blackstone Credit & Insurance in April.
The book value of lease assets owned directly or through joint ventures, including operating lease equipment, maintenance rights, notes receivable and investments in sales-type leases, stood at US$3.72 billion as of June 30, 2026.
Assets under management, including on-balance-sheet assets, joint venture assets, third-party managed assets and managed fund portfolios, totalled US$4.4 billion on June 30, 2026.
