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News Stories (21 Results) - Willis Lease Finance

Key industry partners have come together to launch the MRO Blockchain Alliance, the air transport sector’s first industry-wide investigation into the use of blockchain to trace, track and record aircraft parts.The new alliance is made up of leading... Read Story
February 10, 2020, 07:00 AM


Willis Lease Finance Corporation, an independent jet engine lessor, announced it has expanded its $890 million revolving credit facility to $1 billion.The facility has a five-year term and is structured with the flexibility to support the company’s... Read Story
June 13, 2019, 07:05 AM


Willis Lease Finance Corporation (WLFC) and FLYdocs have joined forces to develop a pilot program demonstrating the use of blockchain technology on an open source data sharing platform for aircraft, engine and component records.The two firms are... Read Story
February 22, 2019, 07:01 AM


Willis Lease Finance Corporation announced the closing of a sale and leaseback transaction on ten Airbus A319 aircraft with easyJet Airline. The aircraft are powered by CFM56-5B engines. The deal combines elements from across the Willis Platform... Read Story
January 10, 2019, 06:50 AM


Willis Lease Finance reported pre-tax earnings for 2016 of $23.9 million, up 87.4% from $12.8 million in 2015, on record revenue of $207.3 million.  Net income attributable to common shareholders for 2016 was $13.8 million, or $2.05 per diluted share... Read Story
March 14, 2017, 07:00 AM


Willis Lease Finance Corporation announced that its wholly owned subsidiary, Willis Asset Management Limited, has purchased the business and assets of Total Engine Support Limited (“TES”), the consulting and asset management business of the TES... Read Story
October 27, 2016, 07:00 AM


Willis Lease Finance announced that Scott B. Flaherty is joining the company as its Senior Vice President and Chief Financial Officer beginning June 6, 2016.“Scott brings a broad finance and capital markets background to Willis Lease, as well as... Read Story
May 24, 2016, 07:15 AM


Willis Lease Finance Corporation announced that it has expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. The facility has a 5-year term and additional flexibility. Willis... Read Story
April 22, 2016, 07:05 AM


Willis Lease Finance Corporation announced Marc Pierpoint has joined the firm as its Vice President, Portfolio Management & Trading.“Marc brings strong leadership skills to Willis Lease and has extensive experience in business development, sales... Read Story
April 14, 2016, 07:16 AM


Willis Lease Finance Corporation announced that Brad Forsyth will be resigning as Chief Financial Officer, effective February 18, 2016.  A search for a permanent replacement has been initiated.“We understand Brad’s decision to resign for personal... Read Story
January 22, 2016, 07:17 AM


Willis Lease Finance Corporation announced that Brian R. Hole, its current Chief Investment Officer, will be promoted to President following the retirement of Donald A. Nunemaker effective March 31, 2016.“Since joining Willis Lease in March 2014... Read Story
January 19, 2016, 07:30 AM


Willis Lease Finance Corporation announced that Donald A. Nunemaker plans to retire as President, effective March 31, 2016 or shortly thereafter."Since joining Willis Lease in 1997, Don has made many significant contributions to the growth and... Read Story
November 13, 2015, 07:17 AM


Willis Lease Finance Corporation ("Willis") and China Aviation Supplies Import & Export Corporation Limited (“CASC”), China’s leader in aviation supplies trade, distribution and logistics, announced the launch of CASC Willis Engine Lease Company... Read Story
July 11, 2014, 06:00 AM


Willis Lease Finance Corporation and China Aviation Supplies Import & Export Corporation Limited ("CASC"), China's leader in aviation supplies trade, distribution and logistics, announced the launch of CASC Willis Engine Lease Company Limited ("CASC... Read Story
June 10, 2014, 06:10 AM


Willis Lease Finance 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 $75 million and closing new lease agreements for 19 engines... Read Story
January 21, 2014, 06:30 AM


Willis Lease Finance Corporation announced the launch of Willis Aeronautical Services, Inc. ("WASI"), a new wholly-owned subsidiary which will provide 'end-of-life' solutions for aviation materials and services related to aircraft engines. In... Read Story
November 08, 2013, 06:50 AM


Willis Lease Finance announced that Tom Nord, Senior Vice President and General Counsel, will be retiring on March 31, 2013. Dean Poulakidas, currently Senior Counsel for Willis Lease, will succeed Nord as General Counsel."Tom has served as our... Read Story
March 06, 2013, 06:40 AM


Willis Lease Finance Corporation, a leading lessor of commercial jet engines, announced that it has entered into a transaction to purchase and leaseback a total of 19 jet engines with SAS Group subsidiary Scandinavian Airlines (SAS). Willis Lease... Read Story
March 05, 2013, 07:00 AM


Willis Lease Finance Corporation reported that its wholly owned subsidiary Willis Engine Securitization Trust II (WEST II), a newly established asset backed securities (ABS) issuer, completed the sale of $390 million of senior secured notes on... Read Story
September 24, 2012, 06:25 AM


Chicago Tribune reported profits of Willis Lease Finance dropped 41.4% year-to-year in the first quarter resulting from fewer leased aircraft, engines and parts. According to the report, Willis recorded a profit of $2.5 million in the first quarter... Read Story
May 09, 2012, 07:00 AM


Willis Lease Finance Corporation, a leading lessor of commercial jet engines, reported 2011 net income grew 20% to $14.5 million and net income available to common shareholders increased 28% to $11.4 million, up from $8.9 million a year ago. Willis... Read Story
March 14, 2012, 06:00 AM