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

WLFC opens second hangar at Teesside International Airport

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 exercises purchase rights for 30 LEAP engines

Aircraft & Engines

Willis Lease Finance Corporation (WLFC), a lessor of commercial aircraft engines and provider of global aviation services, has exercised its purchase rights for 30 new LEAP engines from CFM International. This acquisition is part of an option from a 2019 order and includes both LEAP-1A engines for Airbus A320neo-family aircraft and LEAP-1B engines for Boeing

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WASL will deliver comprehensive base maintenance services for TUI Airlines' narrow-body aircraft

WASL and TUI Airways sign long-term maintenance deal

MRO & Production

Willis Lease Finance Corporation (WLFC), a lessor of commercial aircraft engines and aviation services provider, has announced a significant partnership with TUI Airways (TUI), through its subsidiary Willis Aviation Services Limited (WASL). A long-term general terms agreement has been finalised with TUI to deliver comprehensive base maintenance services for TUI’s narrow-body aircraft. This partnership begins

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WLFC inks deal with Pratt & Whitney for 15 GTF engines

Aircraft & Engines

Willis Lease Finance Corporation (WLFC), a prominent lessor of commercial aircraft engines and global provider of aviation services, has finalised a deal with Pratt & Whitney, a division of RTX Corporation, for the purchase-and-leaseback of up to fifteen Pratt & Whitney PW1100G-JM GTF aircraft engines. All purchases are expected to be completed by December 31,

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ITP Aero recorded a 24% increase in revenues in 2024

WLFC posts first-quarter pre-tax income of US$29.9 million

Financial

Willis Lease Finance Corporation (WLFC) announced record first-quarter total revenues of US$119.1 million and record quarterly pre-tax income of US$29.9 million. For the three months ended March 31, 2024, aggregate, core lease rent and maintenance reserve revenues were at an all-time high of US$96.8 million, up 26% as compared to US$76.7 million in 2023. The

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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

WLFC exercises purchase rights for 30 LEAP engines

WASL and TUI Airways sign long-term maintenance deal

WLFC inks deal with Pratt & Whitney for 15 GTF engines

WLFC posts first-quarter pre-tax income of US$29.9 million

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