Willis Lease Finance reports second quarter pretax profit of US$5 .8m

Willis Lease Finance Corporation, an independent jet engine lessor in the commercial finance sector, reported quarterly pretax income of US$5.8m in the second quarter 2016, up US$6.7m when compared to second quarter 2015 pretax income. Net income for the second quarter increased by US$3.9m to US$3.4m in the second quarter of 2015. Earnings in the […]

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Willis Lease first to adopt GE Engine Health Validator app

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Willis Lease Finance Corporation entered an agreement to use GE Aviation’s Engine Health Validator app to evaluate engine condition, reducing time and cost to transfer engine assets between lessees. The app replaces the need for performance verification test cell runs by providing an accurate prediction of engine condition for engines maintained in the OEM configuration.

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Scott B. Flaherty joins Willis Lease Finance as Senior Vice President & Chief Financial Officer

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Willis Lease Finance Corporation reported that Scott B. Flaherty is joining the company as its Senior Vice President and Chief Financial Officer beginning June 6, 2016. Prior to joining Willis Lease, Scott held the position of Senior Vice President of Finance and Chief Financial Officer at Colt Defense LLC, where he was employed from May

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Brad Forsyth to resign as Willis Lease CFO

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Willis Lease Finance released that Brad Forsyth will be resigning as Chief Financial Officer, effective February 18th, 2016. A search for a permanent replacement has been initiated. Following Mr. Forsyth’s departure and during the Company’s search for a permanent replacement, functions previously performed by Mr. Forsyth will be managed with existing personnel. The Company also

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Willis Lease Finance to promote Brian Hole to President

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Willis Lease Finance Corporation reported that Brian R. Hole, its current Chief Investment Officer, will be promoted to President following the retirement of Donald A. Nunemaker effective March 31st, 2016. In his time with the Company, Brian has spearheaded efforts to more actively manage and trade from within Willis Lease’s existing portfolio of jet engines,

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Willis Lease Finance Corporation announces commencement of modified Dutch auction tender offer to repurchase up to US$8m of its Common Shares

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Willis Lease Finance has commenced a modified “Dutch auction” tender offer repurchase for cash up to 516,129 of shares of its common stock at a price not less than $15.50 per share nor greater than $18.00 per share, for an aggregate purchase price not to exceed US$8m (the “Tender Offer”). The Tender Offer is subject

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Willis Lease Finance 3rd quarter profits increase as utilization improves to 92%

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Willis Lease Finance Corporation (WLFC), an independent jet engine lessor in the commercial finance sector, reported its third quarter 2015 net income increased 163% to US$2.6m compared to US$1.0m in the third quarter of 2014. This follows a net loss in the second quarter of 2015 which totaled US$0.5m resulting from a US$3.1m non-cash write-down

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Willis Lease and Southwest Airlines sign five-year lease support agreement for spare engines

Aircraft & Engines / Leave a Comment

Willis Lease Finance Corporation (WLFC) will be providing spare engines to support the Southwest Airlines fleet of Boeing 737NG aircraft over the next five years. Under the terms of the agreement, Willis Lease will provide Southwest Airlines with CFM56-7B24 spare aircraft engines over the next five years.

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Willis Lease Finance earns US$2.3m in 1Q2015

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Willis Lease Finance Corporation (WLFC), an independent jet engine lessor in the commercial finance sector, reported first quarter 2015 net income of US$2.3m, or $0.29 per diluted share, compared to net loss of $0.03 per diluted share in the fourth quarter of 2014 and net income of US$4.3m, or $0.53 per diluted share, in the

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Willis Lease Finance reports net profit of $7.2m in 2014

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Willis Lease Finance Corporation (WLFC) reported 2014 net income of US$7.2m, compared to net income of US$15.6m in 2013. After-tax income for 2013 included a one-time US$8.6m tax benefit. On record annual sales of US$174.3m, pre-tax earnings from operations increased 35.2% to US$10.5m in 2014 from US$7.8m a year ago and income before income taxes

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Willis Lease Finance reports second quarter pretax profit of US$5 .8m

Willis Lease first to adopt GE Engine Health Validator app

Scott B. Flaherty joins Willis Lease Finance as Senior Vice President & Chief Financial Officer

Brad Forsyth to resign as Willis Lease CFO

Willis Lease Finance to promote Brian Hole to President

Willis Lease Finance Corporation announces commencement of modified Dutch auction tender offer to repurchase up to US$8m of its Common Shares

Willis Lease Finance 3rd quarter profits increase as utilization improves to 92%

Willis Lease and Southwest Airlines sign five-year lease support agreement for spare engines

Willis Lease Finance earns US$2.3m in 1Q2015

Willis Lease Finance reports net profit of $7.2m in 2014

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