Willis

Willis Lease launches total aftermarket support solution

Willis Lease Finance Corporation (WLFC) reported the launch of Willis Aeronautical Services (“WASI”), a new wholly-owned subsidiary which will provide ‘end-of-life’ solutions for aviation materials and services related to aircraft engines. In conjunction with the formation of WASI, Willis Lease acquired most of the assets and hired the team of professionals from JT-Power (“JT-Power”), a […]

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Willis Lease Finance further expands revolving credit facility to $450m

Willis Lease Finance increased its revolving credit facility to $450m from $430m. The credit facility is available to Willis Lease on a revolving basis through November 2016. This and other credit facilities support the company and its subsidiaries in financing its lease portfolio, which stood at over $1bn as of March31, 2013.

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Willis Lease Finance earns net income of $2. 2m in fourth quarter of 2012

Willis Lease Finance Corporation reported that following a $15.5m pre-tax charge for extinguishment of debt and derivatives termination and a $2.8m charge related to the redemption of its preferred stock at par value, it lost $3.8m in 2012, compared to earnings of $11.4m in 2011. In the fourth quarter of 2012, net income was $2.2m

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Willis Lease inks 19 engine sale and leaseback deal with Scandinavian Airlines

Willis Lease Finance Corporation (WLFC), a leading lessor of commercial jet engines, has entered into a transaction to purchase and leaseback a total of 19 jet engines with SAS Group subsidiary Scandinavian Airlines (SAS). Willis Lease will purchase 11 of the engines and Dublin-based Willis Mitsui & Co Engine Support Limited will purchase the remaining

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Willis Lease Finance repurchases 443,561 shares of common stock for $6.1m

Willis Lease Finance Corporation has repurchased 443,561 shares of common stock at an average price of $13.79 per share for $6.1m. The shares were purchased under the five-year plan authorized earlier this month by the Board of Directors. Willis Lease has 8.9m shares of common stock outstanding following these repurchases. In the first six months

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Willis Lease Finance expands revolving credit facility to $430m

Willis Lease Finance Corporation (WLFC), a leading lessor of commercial jet engines, increased its revolving credit facility to $430m from $345m. The credit facility, with an interest rate equal to the one-month LIBOR plus 2.50%, is available to Willis Lease on a revolving basis for the next four years through November 2016. This and other

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