Willis

Willis Lease Finance Corporation reported high utilization of its growing engine portfolio and continuing strong demand for leased engines contributed to 19% year-over-year revenue growth in the first quarter of 2008. Willis Lease generated net income available to common stockholders of $4.3 million, or $0.49 per diluted share, in the first quarter of 2008, up […]

Willis Lease Finance Corporation reported it closed a private placement of $233 million of new 13-15 year term notes for Willis Engine Securitization Trust (WEST) on March 28, 2008. The proceeds of the term notes were used to repay existing warehouse borrowings totaling $164 million and to purchase 11 engines from Willis Lease. WEST issued

Willis Lease Finance Corporation, a leading lessor of commercial jet engines, reported that strong demand for leased engines and high utilization of its growing engine portfolio contributed to 24% lease rent revenue growth and record earnings per share in 2007 on total revenues of $121.9 million, a 15% increase over the prior year. Willis Lease