Willis

Willis Lease Finance signs regional aircraft and engine deal with TAG Airlines

Willis Lease Finance has entered into lease agreements with Transportes Aéreos Guatemaltecos (TAG Airlines) for four ATR 72-500 aircraft. The five-year deal will see the aircraft overhauled and refurbished, fitted with new Pratt & Whitney Canada PW127M engines. The ATR 72-500 aircraft is known to be one of the most efficient and environmentally friendly aircraft […]

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Willis Lease Finance posts annual pre-tax profit of US$9.1 million

Willis Lease Finance Corporation has reported annual total revenues of US$274.2 million a 5% decrease when compared to US$288.7 million in the prior year. Revenue for the three months ended December 31, 2021 was US$75.8 million, up 23.3% from the comparative period in 2020. Lease rent revenue was US$134.8 million in 2021, off 5.6% from

Willis Lease Finance posts annual pre-tax profit of US$9.1 million Read More »

Willis Lease Finance Corporation reports third-quarter pre-tax profit of US$6.1 million

Willis Lease Finance Corporation has reported third-quarter total revenues of US$70.8 million and pre-tax profit of US$6.1 million. For the three months ended September 30, 2021, aggregate lease rent and maintenance reserve revenues were US$56.6 million and spare parts and equipment sales were US$5.1 million. The company reported increased total revenues in the third quarter

Willis Lease Finance Corporation reports third-quarter pre-tax profit of US$6.1 million Read More »

Willis Lease Finance reports second-quarter pre-tax loss of US$1.9 million

Willis Lease Finance Corporation has reported second-quarter total revenues of US$66.5 million and a pre-tax loss of US$1.9 million. For the three months ended June 30, 2021, aggregate lease rent and maintenance reserve revenues were US$49.7 million and spare parts and equipment sales were US$3.6 million. The company reported lower revenue in the second quarter

Willis Lease Finance reports second-quarter pre-tax loss of US$1.9 million Read More »

Willis Lease Finance posts first-quarter pre-tax loss of US$1.7 million

Willis Lease Finance has reported first-quarter total revenues of US$61.1 million and a pre-tax loss of US$1.7 million. The company reported lower revenue in the first quarter when compared to the prior year period, primarily due to the impact of the COVID-19 pandemic. The slowdown in global travel continues to impact aircraft and engine utilization

Willis Lease Finance posts first-quarter pre-tax loss of US$1.7 million Read More »

Willis Lease purchases 25 GTF™ engines from Pratt & Whitney

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-termmaintenance and support agreement with Pratt & Whitney and an affiliate company, enabling Willis Lease to offer engines maintained to the highest quality standard through Pratt &

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Willis Lease Finance reports second quarter pre-tax profit of US$9.7 million

Willis Lease Finance has reported second quarter total revenues of US$75.0 million and pre-tax profit of US$9.7 million. The company reported lower revenue in the second quarter of 2020 than the prior year period due primarily to the impact the COVID-19 pandemic has had on the aviation industry, generally, leading to reduced revenues in the

Willis Lease Finance reports second quarter pre-tax profit of US$9.7 million Read More »

Willis Lease Finance reports first-quarter pre-tax profit of US$8.5 million

Willis Lease Finance has reported first-quarter pre-tax profit and total revenues of US$8.5 million and US$81.6 million, respectively. The company’s first quarter 2020 pre-tax results were impacted by both lower revenue in the core leasing business, which was influenced by a reduction in reported asset usage and reduced spare parts sales, and the one-time expense

Willis Lease Finance reports first-quarter pre-tax profit of US$8.5 million Read More »

Willis Lease Finance reports annual pre-tax profit of US$88.9 million

Willis Lease Finance has reported annual total revenues of US$409.2 million and pre-tax profit of US$88.9 million for the year ended December 31, 2019. The Company’s 2019 pre-tax results were driven by continued leasing revenue growth as well as gains associated with the active management of its portfolio. Aggregate lease rent and maintenance reserve revenues

Willis Lease Finance reports annual pre-tax profit of US$88.9 million Read More »