WLFC completes first in-house core engine restoration

Willis Lease Finance Corporation (WLFC) has completed its first core engine restoration at its U.S.-based Willis Engine Repair Center®. The milestone project involved the successful restoration of a CFM56-7B core engine module and formally establishes the company’s new in-house capability, branded Willis Module Shop™. This development represents a significant step in WLFC’s broader strategy to […]

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WLFC and CFM launch CFM56 life-extension programme

MRO & Production

Willis Lease Finance Corporation (WLFC) has announced the launch of an industry-first programme, developed in collaboration with CFM International (CFM), aimed at extending the operational life of CFM56-5B and CFM56-7B engines. The programme enables WLFC to keep CFM56-5B and CFM56-7B engines in service for longer by restoring core components, rather than fully dismantling the engine.

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David Hooke named SVP of Mergers and Acquisitions at WLFC

People

Willis Lease Finance Corporation (WLFC) has appointed David Hooke as Senior Vice President, Mergers and Acquisitions, with immediate effect. Hooke will lead the company’s global mergers and acquisitions strategy, drive portfolio growth and supporting the expansion of WLFC’s leasing, trading, and services platform. “Having worked with David for many years, I trust his integrity and

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WLFC reports strong Q3 growth as engine leasing demand soars

Financial

Willis Lease Finance Corporation (WLFC) reported solid third-quarter results for 2025, reflecting strong momentum in the global aviation market. Total revenue reached US$183.4 million, up 25.4% from US$146.2 million in the same period last year. Core lease rent and maintenance reserve revenues rose to US$152.6 million, an increase of 33.1% from US$114.7 million in 2024.

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Ribbon-cutting ceremony of the second hangar at Teesside International Airport © WLFC

WLFC opens second hangar at Teesside International Airport

MRO & Production

Willis Lease Finance Corporation (WLFC), a global aircraft engine leasing and aviation services company, has officially opened its second hangar at Teesside International Airport. Construction began in April 2025 under WLFC’s subsidiary, Willis Aviation Services Limited (WASL). The 60-foot-high, twin-bay hangar was officially unveiled at a well-attended ceremony on October 13. The event celebrated the

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WLFC strengthens leadership team with Pascal Picano

People

Willis Lease Finance Corporation (WLFC) has appointed Pascal Picano as Senior Vice President, Aircraft Leasing & Trading. Effective immediately, Picano will report directly to Chief Executive Officer Austin C. Willis and collaborate closely with Marc Pierpoint, Senior Vice President and Head of Trading & Investments, as the company sharpens its focus on portfolio expansion and

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Jet2.com expands maintenance partnership with WASL at Teesside facility

MRO & Production

Willis Lease Finance Corporation (WLFC) has announced a major step forward for its UK-based subsidiary, Willis Aviation Services Limited (WASL). Jet2.com, a UK leisure airline, has committed to two base maintenance lines for the upcoming season, to be carried out at WASL’s advanced facility at Teesside International Airport. This new agreement builds on the successful

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WLFC closes US$64.8 million in JOLCO engine financing deals

Financial

Willis Lease Finance Corporation (WLFC), the prominent lessor of commercial aircraft engines and global provider of aviation services, has announced the successful closing of three Japanese operating lease with call option (JOLCO) transactions, securing a total of US$64.8 million in financing. Two of the financings were completed in the first quarter of 2025, covering a

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Air India Express (AIX) Boeing 737-800 aircraft © AirTeamImages

AIX boosts fleet efficiency with new engine leaseback deal

Aircraft & Engines

Air India Express (AIX), a wholly owned subsidiary of Air India, has finalised an engine sale-and-leaseback agreement with Willis Lease Finance Corporation (WLFC). The deal involves 26 CFM56-7B engines installed on 13 of AIX’s Boeing 737-800 aircraft, securing enhanced reliability and cost efficiency under WLFC’s innovative ConstantThrust® programme. This latest agreement builds on a previous

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WLFC reports record annual revenue and profit for 2024

Financial

Willis Lease Finance Corporation (WLFC) has announced total annual revenues of US$569.2 million and pre-tax income of US$152.6 million for the year ended December 31, 2024. Aggregate core lease rent and maintenance reserve revenues reached an all-time high of US$452.1 million, marking a 30.4% increase from US$346.8 million in 2023. This growth was primarily driven

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WLFC completes first in-house core engine restoration

WLFC and CFM launch CFM56 life-extension programme

David Hooke named SVP of Mergers and Acquisitions at WLFC

WLFC reports strong Q3 growth as engine leasing demand soars

WLFC opens second hangar at Teesside International Airport

WLFC strengthens leadership team with Pascal Picano

Jet2.com expands maintenance partnership with WASL at Teesside facility

WLFC closes US$64.8 million in JOLCO engine financing deals

AIX boosts fleet efficiency with new engine leaseback deal

WLFC reports record annual revenue and profit for 2024

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