Willis

Since December 1, SAS has introduced plastic-free food packaging across its flights departing from Copenhagen, Oslo, Arlanda and Gothenburg

Willis Lease to manage phase-out of SAS’ 737NG installed engine fleet

Willis Lease Finance Corporation has entered into an agreement with Scandinavian Airline System (SAS) to manage the phase-out of SAS’s Boeing 737NG installed engine fleet over the next four years. “The Willis orchestrated phase-out may allow for SAS to realize superior returns from the monetization of its assets over time relative to an outright sale […]

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Willis Lease Finance and key industry partners launch MRO Blockchain Alliance

Key industry partners have come together to launch the MRO Blockchain Alliance, the air transport sector’s first industry-wide investigation into the use of blockchain to trace, track and record aircraft parts. The new alliance is made up of leading organizations covering every aspect of the commercial aviation maintenance, repair and overhaul (MRO) chain, from parts

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SAS

SAS and Willis Lease execute ConstantAccess agreement covering the airline’s Airbus A340 fleet

Willis Lease Finance has entered into a ConstantAccess™ agreement with Scandinavian Airlines System, whereby Willis Lease will guarantee availability of CFM56-5C engines to cover requirements due to both planned and unplanned removals of engines powering the airline’s fleet of eight A340 aircraft. “Over the next 36 months, as we transition into our new fleet of

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Willis Lease Finance reports quarterly pre-tax profit of US$31.1 million

Willis Lease Finance Corporation has reported quarterly pre-tax profit and total revenues of US$31.1 million and US$120.4 million, respectively. The Company’s third quarter 2019 pre-tax results were driven by strong leasing revenues as well as gains associated with the active management of its portfolio. Aggregate lease rent and maintenance reserve revenues were US$88.3 million for

Willis Lease Finance reports quarterly pre-tax profit of US$31.1 million Read More »

Willis Lease Finance posts quarterly pre-tax profit of US$21.8 million

Willis Lease Finance has reported pre-tax profit of US$21.8 million and total revenues of US$95.8 million in the second quarter of 2019. The Company’s second quarter 2019 pre-tax results were driven by continued revenue growth in its core leasing business and spare parts sales as well as gains associated with the active management of its

Willis Lease Finance posts quarterly pre-tax profit of US$21.8 million Read More »

Willis Lease signs ConstantAccess™ agreement with major European Airline

Willis Lease Finance has entered into an agreement to provide ConstantAccess™ Platinum to a major European operator for a fleet consisting of 40 engines. The agreement will provide guaranteed availability of spare engines for both planned, and unplanned removals. “We are finding a greater number of airlines, both legacy operators as well as low cost

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Willis Lease Finance expands US$890 million revolving credit facility to US$1.0 billion

Independent jet engine lessor Willis Lease Finance has expanded its US$890 million revolving credit facility to US$1.0 billion. The facility has a 5-year term and is structured with the flexibility to support WLFC’s growing business. Willis Lease and its subsidiaries will use the expanded credit facility to continue growing its lease portfolio, which included nearly

Willis Lease Finance expands US$890 million revolving credit facility to US$1.0 billion Read More »

Willis Lease Finance reports quarterly pre-tax profit of US$27.8 million

Willis Lease Finance Corporation has reported pre-tax profit of US$27.8 million and total revenues of US$103.8 million in the first quarter of 2019. The Company’s first quarter 2019 pre-tax results were driven by continued revenue growth in the core leasing business, an increase in trading activity and continuing spare parts sales. Aggregate lease rent and

Willis Lease Finance reports quarterly pre-tax profit of US$27.8 million Read More »

Willis Lease Finance reports pre-tax profit of US$56.3 million

Willis Lease Finance has reported a record annual pre-tax profit of US$56.3 million, from US$36.0 million in 2017, including total revenues of US$348.3 million. The Company’s 2018 pretax results were driven by continued revenue growth in the core leasing business and an increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve

Willis Lease Finance reports pre-tax profit of US$56.3 million Read More »