Willis Lease Finance Corporation reported that 2011 net income grew 20% to $14.5m and net income available to common shareholders increased 28% to $11.4m up from $8.9m a year ago.Willis Lease earned $3.6m in the fourth quarter ended December 31, 2011, compared to $4.0m in the fourth quarter a year ago. After payment of preferred […]
Willis Lease Finance reports 2011 net income up 20% Read More »
Willis Lease Finance Corporation has closed a new revolving credit facility. The $345m credit facility, with an interest rate equal to LIBOR plus 2.75%, is available to Willis Lease on a revolving basis for five years through November 2016. The credit facility is provided by a syndicate of banks led by Union Bank, N.A., as
Willis Lease Finance closes new and expanded revolving credit facility for $345m Read More »
Willis Lease Finance Corporation , a leading lessor of commercial jet engines, reported third quarter pretax profits grew 19% compared to the year ago period. Net income was $2.3m in the third quarter of 2011, compared to $3.1m in the third quarter a year ago. The current quarter’s net income was reduced by $1.3m due
Willis Lease Finance reports nine month net income up 50% Read More »
Willis Group Holdings the global insurance broker, released that Mark Wilford, Director of Risk at Rolls-Royce Group plc, has been appointed Chairman of the Willis Global Aerospace division. He will join Willis on January 1, 2012, and be based in London reporting to Joe Trotti, Chief Executive Officer of Willis Global Specialties. Wilford will replace outgoing
Willis Global Aerospace hires Risk Management expert as Chairman Read More »
Willis Lease Finance has entered into a joint venture agreement with Mitsui & Co., a major Japanese trading company, to acquire and lease IAE V2500-A5 and General Electric CF34-10E jet engines. IAE V2500 engines are used on the Airbus A320 family of aircraft and CF34-10E engines are used on the Embraer E190 and E195 aircraft.
Willis Lease Finance and Mitsui & Co. form joint venture for jet engine leasing Read More »
Willis Lease Finance Corporation reported a 66% year-over- year increase in first quarter net income and an 89% increase in net earnings applicable to common shareholders. Net income increased to $5.1 million in the first quarter of 2011, up from $4.0 million in the fourth quarter of 2010 and $3.1 million in the first quarter
Willis Lease Finance reports 66% increase in first quarter net income Read More »
Willis Lease Finance Corporation reported a 66% year-over- year increase in first quarter net income and an 89% increase in net earnings applicable to common shareholders. Net income increased to $5.1 million in the first quarter of 2011, up from $4.0 million in the fourth quarter of 2010 and $3.1 million in the first quarter
Willis Lease Finance reports 66% increase in first quarter net income Read More »
BAE Systems and Willis Lease Finance Corporation of Novato, California have signed a commercial aircraft agreement under which BAE Systems Regional Aircraft
BAE Systems signs commercial aircraft agreement with Willis Lease Finance Read More »
Willis Lease Finance Corporation reported improving utilization and strengthening demand for leased engines boosted fourth quarter profits. Net income increased to $4.0 million in the fourth quarter of 2010, compared to $3.1 million in the third quarter and $1.0 million in the fourth quarter a year ago. The lease portfolio increased 2% year-over-year to $998.0
Willis Lease Finance reports 4th quarter net income of $4.0 million Read More »
Willis Lease Finance Corporation reported the recent completion of three transactions which together serve to increase its liquidity by approximately $45 million and to reduce its overall cost of funds. First, the amount of revolving commitments under the Company’s primary revolving credit facility was increased from $240 million to $285 million and the international group
Willis Lease upsizes credit facilities Read More »
