Willis

Robert J. Keady joins Board of Directors of Willis Lease Finance Corporation

Willis Lease Finance Corporation (WLFC), a leading independent jet engine lessor in the commercial finance sector, reported that Robert J. Keady was unanimously elected to the Board of Directors of Willis Lease, as a Class II director, effective immediately. Mr. Keady will also serve on the Board’s Compensation and Audit Committees. The recent resignation of […]

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Willis Lease and China Aviation Supplies Corporation open their Engine Leasing JV

Willis Lease Finance Corporation (WLFC), the independent jet engine lessor in the commercial finance sector, and China Aviation Supplies Import & Export Corporation (“CASC”), China’s leader in aviation supplies trade, distribution and logistics, hosted a grand opening ceremony on November 7th to celebrate the launch of their new engine leasing joint venture, CASC Willis Engine

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Willis Lease and China Aviation Supplies Corp announce engine leasing joint venture

Willis Lease Finance Corporation (WLFC), the premier independent jet engine lessor in the commercial finance sector, and China Aviation Supplies Import & Export Corporation Limited (“CASC”), a Chinese leader in aviation supplies trade, distribution and logistics, announced the launch of CASC Willis Engine Lease Company Limited (“CASC Willis”), a new 50/50 joint venture. The new

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Willis Lease Finance reports strong fourth quarter with profit of $15.6m

Willis Lease Finance Corporation (WLFC) reported 2013 net income attributable to common shareholders of $15.6m. Fourth quarter net income attributable to common shareholders was $6.6m, fueled by 12.9% growth in lease rent revenue due to improved utilization and a larger lease portfolio, which contributed to 18.9% overall growth in total revenue. At December 31st, 2013,

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Willis Lease Finance reports strong engine leasing activity in December 2013

Willis Lease Finance Corporation reported it closed 2013 with one of the strongest months of new leasing activity in the company’s history. “We ended 2013 by purchasing six brand new engines for over $75m and closing new lease agreements for 19 engines, making December one of the most productive months we’ve ever had,” said Charles

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Willis Lease Finance Reports YTD net income of $9.1m

Willis Lease Finance Corporation (WLFC) reported net income attributable to common shareholders was $9.1m for the first nine months of 2013, compared to a loss of $3.0m in the first nine months of 2012. A significant improvement in portfolio utilization in the current quarter was overshadowed by asset write-downs and engine repair expenses. In the

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