Willis Lease Finance Corporation (WLFC) and FLYdocs have joined forces to develop a pilot programme demonstrating the use of blockchain technology on an open source data sharing platform for aircraft, engine and component records. The two powerhouses are engaging in what they anticipate will be widely regarded as a pioneering move in the digital transformation […]
Willis Lease Finance Corporation has closed a sale and leaseback transaction on ten Airbus A319 aircraft with easyJet. The aircraft are powered by CFM56-5B engines. The deal combines elements from across the Willis Platform, including leasing, trading, and asset management businesses, to provide a tailored solution designed to support easyJet in the fleet management of
Willis Lease Finance closes ten aircraft sale and leaseback with easyJet Read More »
Commsoft’s MRO IT system, OASES, has been selected by Willis Asset Management to support its newly launched CAMO operation, which will be a key service provision in its growing platform of aviation advisory and asset management services. Willis Asset Management, a subsidiary of Willis Lease Finance Corporation, provides independent and expert aviation advisory services as
Willis Asset Management chooses Commsoft’s OASES for new CAMO operation Read More »
Willis Lease Finance Corporation has reported a pre-tax profitv of US$11.6 million in the second quarter of 2018, driven by strong sales in each of its leasing, spare parts and asset management businesses. The Company achieved record quarterly lease rent revenue of US$43.1 million in the period driven by continued high utilization and 14.9% growth
Willis Lease Finance reports second quarter pre-tax profit of US$11.6 million Read More »
Willis Lease Finance has reported a pre-tax profit of US$9.6m in the first quarter of 2018. The Company achieved record quarterly lease rent revenue of US$39.6m in the period driven by 86% average utilization of a portfolio that grew 9.2% to US$1.466bn at quarter-end compared to $1.343 billion at December 31, 2017. Aggregate lease rent
Willis Lease Finance reports first quarter pretax profit of US$9.6m Read More »
Willis Lease Finance Corporation has reported 50.4% growth in annual pre-tax income to US$36.0m, from US$23.9m in 2016, and recorded total revenues of US$274.8m. The Company’s 2017 pretax results were driven by solid revenue growth in the core leasing business and a significant increase in spare parts and equipment sales. Aggregate lease rent and maintenance
Willis Lease Finance Corporation reports 50% growth in annual pre-tax profit to US$36.0m Read More »
Willis Lease Finance has completed a sale and leaseback transaction on three 737NG aircraft with Fiji Airways, supported by the Willis Lease ConstantThrust program. The deal includes elements from Willis Lease’s leasing, trading, and materials businesses to provide a comprehensive tailored solution designed to support Fiji Airways’ fleet renewal plan as they transition out of
Willis Lease Finance has reported that pretax income grew 76% to US$10.2m in the second quarter of 2017, compared to US$5.8m in the second quarter of 2016, on revenues of US$67.8m. The Company’s second quarter 2017 results were bolstered by continued strength in its core leasing business with 90% utilization at quarter end and US$19.4m
Willis Lease Finance second quarter pretax profit grew 76% to US$10.2m Read More »
Willis Lease Finance has reported that pretax income grew 104% to US$14.4m in the first quarter of 2017 compared to US$7.1m in the first quarter of 2016 on revenues of US$77.9m. The Company’s first quarter 2017 results were bolstered by US$32.0m of maintenance reserve revenue, of which US$21.5m was long term maintenance revenue related to
Willis Lease Finance reports first quarter pretax profit grew 104 % Read More »
Willis Lease Finance Corporation has reported pretax earnings for 2016 of US$23.9m, up 87.4% from US$12.8m in 2015, on record revenue of US$207.3m. Net income attributable to common shareholders for 2016 was US$13.8m compared to US$6.5m in 2015. Fourth quarter 2016 net income attributable to common shareholders was US$2.4m, compared to US$3.0m in 2015. Fourth
Willis Lease Finance reports 2016 pre-tax profit up 87.4% to US$23.9m Read More »
