Willis Lease Finance Corporation (OQ:WLFC)

Apr 05, 2024 05:11 pm ET
Willis Lease Finance Corporation Welcomes Colm Barrington to its Board of Directors
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Colm Barrington to its Board of Directors (“the Board”)...
Mar 21, 2024 08:26 am ET
Willis Lease Finance Corporation Completes Delivery of 4th ATR 72-500 Aircraft under its ConstantThrust® Engine Maintenance Program
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) announces it has successfully delivered its fourth ATR 72-500 aircraft to Transportes Aéreos Guatemaltecos (TAG Airlines) (“TAG”) as part of its lease agreements with the airline for four ATR...
Mar 13, 2024 06:45 am ET
Record Results for Willis Lease Finance Corporation in 2023
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) today reported record annual total revenues of $418.6 million and pre-tax income of $67.1 million. For the year ended December 31, 2023, aggregate, core lease rent and maintenance reserve...
Mar 05, 2024 10:21 am ET
Willis Sustainable Fuels (UK) Limited Approved for Construction of Sustainable Aviation Fuel (“SAF”) Refinery at Teesworks, UK
Willis Sustainable Fuels (UK) Limited, the wholly-owned subsidiary of Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), a leading lessor of commercial aircraft engines and global provider of aviation services, announced today that the...
Dec 28, 2023 11:20 am ET
Willis Lease Finance Corporation Welcomes Brendan Curran to its Board of Directors
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), a leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Brendan Curran to its Board of Directors (the “Board”),...
Nov 16, 2023 07:01 pm ET
Willis Sustainable Fuels (UK) Limited, Awarded £4.721M Grant in UK’s Advanced Fuels Fund (AFF) Competition
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), a leading lessor of commercial aircraft engines and global provider of aviation services, today announces that its subsidiary, Willis Sustainable Fuels (UK) Limited, was awarded a £4.721M...
Nov 03, 2023 07:00 am ET
Willis Lease Finance Corporation Reports Third Quarter Pre-tax Income of $20.3 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported third quarter total revenues of $105.7 million and pre-tax earnings of $20.3 million. For the three months ended September 30, 2023, aggregate lease rent and maintenance reserve...
Oct 19, 2023 08:06 pm ET
Willis Lease Announces Pricing of $410.0 Million in Fixed Rate Notes
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VII (“WEST”), has priced $410.0 million in aggregate principal...
Oct 02, 2023 01:00 am ET
Willis Lease Finance Corporation Announces Teesworks as Site for Innovative New, Power-to-Liquid (PtL) Sustainable Aviation Fuel (SAF) Project
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), a leading lessor of commercial aircraft engines and global provider of aviation services, together with its subsidiary Willis Sustainable Fuels (UK) Limited, today announces the selection of...
Aug 03, 2023 06:30 am ET
Willis Lease Finance Corporation Reports Second Quarter Pre-tax Income of $19.0 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported second quarter total revenues of $109.0 million and pre-tax earnings of $19.0 million. For the three months ended June 30, 2023, aggregate lease rent and maintenance reserve revenues...
Jul 17, 2023 06:30 am ET
Willis Lease Finance Corporation Undertakes New, Innovative “Power-to-Liquid” (PtL) Sustainable Aviation Fuel (SAF) Project
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), a leading lessor of commercial aircraft engines and provider of global aviation service operations for more than 45 years, today announced an innovative project to develop and produce...
May 04, 2023 06:30 am ET
Willis Lease Finance Corporation Reports First Quarter Pre-tax Income of $6.8 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported first quarter total revenues of $89.5 million and pre-tax earnings of $6.8 million. For the three months ended March 31, 2023, aggregate lease rent and maintenance reserve revenues were...
Mar 09, 2023 06:00 am ET
Willis Lease Finance Corporation Reports Annual Pre-tax Income of $9.8 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported annual total revenues of $311.9 million and pre-tax income of $9.8 million. For the year ended December 31, 2022, aggregate lease rent and maintenance reserve revenues were $246.0...
Feb 03, 2023 06:00 am ET
Willis Lease Finance Corporation Announces Aircraft Base Maintenance Approvals
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) announced today that its United Kingdom subsidiary, Willis Aviation Services Limited (“WASL”), has expanded its service offerings to include UK CAA base maintenance approvals for the Airbus...
Nov 21, 2022 08:30 am ET
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Willis Lease Finance Corporation for Potential Breaches of Fiduciary Duty By Its Board of Directors
NEW YORK, Nov. 21, 2022 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Willis Lease Finance Corporation (NASDAQ: WLFC).
Nov 02, 2022 06:00 am ET
Willis Lease Finance Corporation Reports Third Quarter Pre-tax Income of $8.4 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported third quarter total revenues of $76.9 million and pre-tax earnings of $8.4 million. For the three months ended September 30, 2022, aggregate lease rent and maintenance reserve revenues...
Oct 28, 2022 12:13 pm ET
Willis Lease Finance Corporation Named Title Sponsor for Green Beret Foundation Charity Event
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) is excited to announce that it is joining the 2022 Green Berets at Golden Bear charity golf tournament as its Title Sponsor. The tournament has already raised over $125,000 in sponsorships...
Oct 18, 2022 04:38 pm ET
Willis Lease Finance Corporation Rebrands Following Significant Growth
Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) has announced it will unite its multiple WLFC businesses under new branding that will more clearly demonstrate the extent of its combined offerings. The new imagery and corporate profile...
Sep 21, 2022 03:15 pm ET
Air India and Willis Lease Finance Corporation Ink Historic ConstantThrust® Engine Sale & Leasebacks
Air India has signed definitive sale and lease back agreements with Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis Lease”) for 34 CFM56-5B engines installed on its Airbus A320 family fleet. The engines will be covered under Willis...
Aug 30, 2022 08:36 am ET
Willis Lease Finance Corporation’s Subsidiary Named Dedicated Aircraft CAMO Provider by Peach Aviation Limited
Willis Lease Finance Corporation (NASDAQ:WLFC) (“Willis Lease”) announced that its wholly owned subsidiary, Willis Asset Management Limited (“Willis Asset”), has been selected by Peach Aviation Limited as its dedicated aircraft CAMO provider in...
Aug 04, 2022 06:30 am ET
Willis Lease Finance Corporation Reports Second Quarter Pre-tax Income of $11.0 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported second quarter total revenues of $78.1 million. For the three months ended June 30, 2022, aggregate lease rent and maintenance reserve revenues were $60.9 million and spare parts and...
May 09, 2022 04:35 pm ET
Willis Lease Finance Corporation Reports First Quarter Pre-tax Loss of $27.7 Million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported first quarter total revenues of $68.8 million. For the three months ended March 31, 2022, aggregate lease rent and maintenance reserve revenues were $53.0 million and spare parts and...
Mar 29, 2022 10:33 am ET
Willis Lease Finance Corporation Signs Historic Regional Aircraft and Engine Deal
Willis Lease Finance Corporation (NASDAQ:WLFC) (“Willis Lease”) announced it has entered into lease agreements with Transportes Aéreos Guatemaltecos (TAG Airlines) (“TAG”) for four ATR 72-500 aircraft. The five-year deal sees the aircraft...
Mar 14, 2022 06:00 am ET
Willis Lease Finance Corporation Reports Annual Pre-tax Profit of $9.1 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported annual total revenues of $274.2 million and pre-tax profit of $9.1 million. For the year ended December 31, 2021, aggregate lease rent and maintenance reserve revenues were $208.8...
Mar 07, 2022 11:16 am ET
Willis Lease Finance Corporation Announces Charles F. Willis as Executive Chairman and Austin C. Willis as Chief Executive Officer
Willis Lease Finance Corporation (NASDAQ: WLFC) ("Willis Lease") announced today that Austin C. Willis, son of Charles F. Willis, has been appointed the new Chief Executive Officer (“CEO”) of Willis Lease, effective April 1, 2022. Charles F....
Nov 02, 2021 06:00 am ET
Willis Lease Finance Corporation Reports Third Quarter Pre-tax Profit of $6.1 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported third quarter total revenues of $70.8 million and pre-tax profit of $6.1 million. For the three months ended September 30, 2021, aggregate lease rent and maintenance reserve revenues...
Oct 26, 2021 12:11 pm ET
Willis Lease Finance Corporation Named Partner Force Sponsor for Green Beret Foundation Charity Event
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, is excited to announce they are joining the Hilton Grand Vacations 2021 Green Berets at Golden Bear charity golf tournament as Partner Force...
Oct 08, 2021 03:25 pm ET
Willis Lease Finance Corporation Acquires Regional Aircraft
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today its investment into its regional aviation business with the purchase of four ATR 72-500 aircraft from Investec Bank plc....
Aug 03, 2021 06:00 am ET
Willis Lease Finance Corporation Reports Second Quarter Pre-tax Loss of $1.9 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported second quarter total revenues of $66.5 million and pre-tax loss of $1.9 million. For the three months ended June 30, 2021, aggregate lease rent and maintenance reserve revenues were...
May 10, 2021 06:00 am ET
Willis Lease Announces Pricing of $336.7 Million in Fixed Rate Notes
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VI (“WEST”), has priced $336.7 million in aggregate principal...
May 04, 2021 06:00 am ET
Willis Lease Finance Corporation Reports First Quarter Pre-tax Loss of $1.7 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported first quarter total revenues of $61.1 million and pre-tax loss of $1.7 million. The Company reported lower revenue in the first quarter when compared to the prior year period, primarily...
Apr 30, 2021 07:01 am ET
Willis Lease Announces Offering of $336.7 Million in Fixed Rate Notes
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VI (“WEST”), proposes to offer $336.7 million in aggregate...
Mar 22, 2021 03:15 pm ET
SAS Selects Willis Lease’s New Revolving Credit Lease Engine Financing Product for CFM LEAP and Trent XWB Engines
Willis Lease Finance Corporation (NASDAQ: WLFC) today announced it has closed its first transaction utilizing its new revolving credit lease engine financing product (the “RCL”). Scandinavian Airlines System (“SAS”) selected the RCL to finance CFM...
Mar 15, 2021 08:30 am ET
Willis Lease Finance Corporation Reports Annual Pre-tax Profit of $17.3 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported annual total revenues of $288.7 million and pre-tax profit of $17.3 million for the year ended December 31, 2020. The Company reported lower revenue in 2020 when compared to the prior...
Feb 01, 2021 03:15 pm ET
Willis Lease Purchases 25 GTF™ Engines from Pratt & Whitney
Willis Lease Finance Corporation (NASDAQ: WLFC) ("Willis Lease") announced that it purchased twenty-five PW1100G-JM and PW1500G GTF™ aircraft engines from Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), and an affiliate...
Nov 02, 2020 05:45 pm ET
Willis Lease Finance Corporation Reports Third Quarter Pre-tax Profit of $6.0 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported third quarter total revenues of $70.6 million and pre-tax profit of $6.0 million. The Company reported lower revenue in the third quarter of 2020 as compared to the prior year period,...
Aug 05, 2020 06:00 am ET
Willis Lease Finance Corporation Reports Second Quarter Pre-tax Profit of $9.7 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported second quarter total revenues of $75.0 million and pre-tax profit of $9.7 million. The Company reported lower revenue in the second quarter of 2020 than the prior year period due...
May 05, 2020 07:00 am ET
Willis Lease Finance Corporation Reports First Quarter Pre-tax Profit of $8.5 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported first quarter pre-tax profit and total revenues of $8.5 million and $81.6 million, respectively. The Company’s first quarter 2020 pre-tax results were impacted by both lower revenue in...
Mar 11, 2020 07:00 am ET
Willis Lease Finance Corporation Reports Annual Pre-tax Profit of $88.9 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported annual total revenues of $409.2 million and pre-tax profit of $88.9 million for the year ended December 31, 2019. The Company’s 2019 pre-tax results were driven by continued leasing...
Feb 19, 2020 09:09 am ET
Willis Lease Finance Commits to Offering of $366.2 Million in Fixed Rate Notes
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary Willis Engine Securitization Trust II, to be renamed Willis Engine Structured Trust V (“WEST”),...
Feb 13, 2020 09:28 am ET
Willis Lease Announces Offering of $366.2 Million in Fixed Rate Notes
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Securitization Trust II, to be renamed Willis Engine Structured Trust V (“WEST”)...
Feb 06, 2020 01:41 pm ET
Willis Lease to Manage Phase-Out of Scandinavian Airline Systems’ 737NG Installed Engine Fleet
Willis Lease Finance Corporation (Nasdaq: WLFC) announced today that it has entered into an agreement with Scandinavian Airline System (“SAS”) to manage the phase-out of SAS’s Boeing 737NG installed engine fleet over the next four years. “The...
Feb 04, 2020 09:20 am ET
Willis Lease Finance Corporation and Key Industry Partners Launch MRO Blockchain Alliance
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...
Jan 16, 2020 05:12 pm ET
SAS and Willis Lease Execute ConstantAccess Agreement Covering the Airline’s Airbus A340 Fleet
Willis Lease Finance Corporation (Nasdaq: WLFC) announced today that it has entered into a ConstantAccess™ agreement with Scandinavian Airlines System whereby the Company will guarantee availability of CFM56-5C engines to cover requirements due to...
Jan 08, 2020 01:52 pm ET
Willis Lease Finance Corporation Orders Up to Sixty CFM LEAP Engines
Willis Lease Finance Corporation (NASDAQ: WLFC) announced that it has placed an order with CFM International for up to sixty LEAP engines with a value of nearly $900 million at  list prices. This includes both firm and option orders for LEAP-1A and...
Nov 04, 2019 04:30 pm ET
Willis Lease Finance Corporation Reports Record Quarterly Pre-tax Profit of $31.1 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported record quarterly pre-tax profit and total revenues of $31.1 million and $120.4 million, respectively. The Company’s third quarter 2019 pre-tax results were driven by strong leasing...
Aug 06, 2019 07:30 am ET
Willis Lease Finance Corporation Continued Solid Performance Posting a Quarterly Pre-tax Profit of $21.8 Million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported pre-tax profit of $21.8 million and total revenues of $95.8 million in the second quarter of 2019. The Company’s second quarter 2019 pre-tax results were driven by continued revenue...
Jul 09, 2019 02:04 pm ET
Willis Lease signs ConstantAccess™ agreement with major European Airline
Willis Lease Finance Corporation has entered into an agreement to provide ConstantAccess™ Platinum to a major European operator for a fleet consisting of 40 engines. The agreement will provide guaranteed availability of spare engines for both...
Jun 10, 2019 07:00 am ET
Willis Lease Finance Corporation Closes Amended and Restated $1 Billion Revolving Credit Facility
Willis Lease Finance Corporation (NASDAQ: WLFC), the premier independent jet engine lessor, announced today that it has expanded its $890 million revolving credit facility to $1.0 billion. The facility has a 5-year term and is structured with the...
May 06, 2019 06:30 am ET
Willis Lease Finance Corporation Reports Record Quarterly Pre-tax Profit of $27.8 million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported pre-tax profit of $27.8 million and total revenues of $103.8 million in the first quarter of 2019. The Company’s first quarter 2019 pre-tax results were driven by continued revenue...
Mar 13, 2019 05:00 am ET
Willis Lease Finance Corporation Reports Record Annual Pre-tax Profit of $56.3 Million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported a record annual pre-tax profit of $56.3 million, from $36.0 million in 2017, including record total revenues of $348.3 million. The Company’s 2018 pretax results were driven by...
Feb 20, 2019 04:53 pm ET
Willis Lease and FLYdocs Spearheading Development of Blockchain Powered Aviation Records Platform
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...
Jan 08, 2019 05:08 pm ET
Willis Lease Finance Closes Ten Aircraft Sale and Leaseback with easyJet Airline
Willis Lease Finance Corporation (NASDAQ: WLFC) today 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...
Nov 15, 2018 08:20 am ET
Research Report Identifies Varonis, Willis Lease Finance, Pacific Coast Oil Trust, Winmark, Wireless Telecom Group, and Harte-Hanks with Renewed Outlook — Fundamental Analysis, Calculating Forward Mov
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Varonis Systems, Inc. (NASDAQ:VRNS), Willis Lease Finance Corporation...
Nov 05, 2018 06:00 am ET
Willis Lease Finance Corporation Reports Third Quarter Pre-tax Profit of $13.3 Million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported a pre-tax profit of $13.3 million in the third quarter of 2018, including record quarterly lease rent revenue of $47.0 million. Leasing results were driven by continued high utilization...
Aug 16, 2018 03:29 pm ET
Willis Lease Finance Commits to Offering of $373.4 Million in Fixed Rate Notes
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary Willis Engine Structured Trust IV (“WEST IV”), has priced $373.4 million in aggregate principal...
Aug 08, 2018 04:58 pm ET
Willis Lease Announces Offering of $373.4 Million in Fixed Rate Notes
Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust IV (“WEST IV”) proposes to offer $373.4 million in aggregate...
Aug 06, 2018 11:06 am ET
Willis Lease Finance Corporation Reports Second Quarter Pre-tax Profit of $11.6 Million
Willis Lease Finance Corporation (NASDAQ: WLFC) today reported a pre-tax profit of $11.6 million in the second quarter of 2018, driven by strong sales in each of our leasing, spare parts and asset management businesses. The Company achieved record...
May 07, 2018 05:23 pm ET
Willis Lease Finance Corporation Reports First Quarter Pretax Profit of $9.6 Million
Willis Lease Finance Corporation (NASDAQ:WLFC) today reported a pre-tax profit of $9.6 million in the first quarter of 2018. The Company achieved record quarterly lease rent revenue of $39.6 million in the period driven by 86% average utilization...
Mar 13, 2018 07:00 am ET
Willis Lease Finance Corporation Reports 50% Growth in Annual Pre-Tax Profit to $36.0 Million
NOVATO, Calif., March 13, 2018 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) today reported 50.4% growth in annual pre-tax income to $36.0 million, from $23.9 million in 2016, and recorded total revenues of $274.8 million. The Company’s...
Jan 19, 2018 06:54 pm ET
Willis Lease Finance Gives Employee Bonus Driven By New Tax Laws
NOVATO, Calif., Jan. 19, 2018 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) today announced that it has given all non-executive employees a one-time bonus of $1,000 as a result of the tax laws recently passed by the...
Nov 07, 2017 08:00 am ET
Willis Lease Finance Reports Third Quarter Pretax Profit Grew 27% to $8.3 Million
NOVATO, Calif., Nov. 07, 2017 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) today reported that pretax income grew 27% to $8.3 million in the third quarter of 2017, compared to $6.5 million in the third quarter of...
Jul 28, 2017 04:50 pm ET
Willis Lease Finance Commits to Offering of $335.7 Million in Fixed Rate Notes
NOVATO, Calif., July 28, 2017 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary Willis Engine Structured Trust III (“WEST III”), has priced $335.7 million in aggregate principal amount of fixed rate notes (the “Notes”). As previously announced, the Notes will be issued in two series, with the Series A Notes to be issued in an aggregate principal amount of $293.7 million and the Series B Notes in an aggregate principal amount of $42 million. The Notes will be secured by, a...
Jul 18, 2017 09:47 pm ET
Willis Lease Announces Offering of $335.7 Million in Fixed Rate Notes
NOVATO, Calif., July 18, 2017 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) (“Willis”), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust III (“WEST III”) proposes to offer $335.7 million in aggregate principal amount of fixed rate notes (the “Notes”).  It is expected that the Notes will be issued in two series, with the Series A Notes to be issued in an aggregate principal amount of $293.7 million and the Series B Notes in an aggregate principal amount of $42 million.  The Notes will be secured...
Nov 04, 2016 04:10 pm ET
Willis Lease Finance Reports Third Quarter Pretax Profit of $6.5 Million
NOVATO, Calif., Nov. 04, 2016 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC), the leader in independent financing, trading and servicing for both engines and aircraft, today reported quarterly pretax income of $6.5 million in the third quarter of 2016, up $1.9 million, or 40%, when compared to third quarter 2015 pretax income. Net income for the third quarter increased by $1.4 million, or 56%, to $4.0 million, or $0.62 per diluted share, from $2.6 million, or $0.32 per diluted share, in the third quarter of 2015. Earnings in the third quarter of 2016 included a $2.0 mil...
Oct 26, 2016 02:30 pm ET
Willis Lease Finance Purchases the Business and Assets of Total Engine Support Limited
NOVATO, Calif., Oct. 26, 2016 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (Nasdaq:WLFC) announced today 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 Aviation Group.  TES is headquartered in Bridgend, Wales (UK).  With roughly 500 jet engines under management, TES is well known in the aviation industry as a leading asset management, technical services and consultancy business.  TES delivers bespoke, customer driven solutions to...
Aug 15, 2016 07:50 pm ET
Willis Lease Finance Reports Second Quarter Pretax Profit of $5.8 Million
NOVATO, Calif., Aug. 15, 2016 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC), the premier independent jet engine lessor in the commercial finance sector, today reported quarterly pretax income of $5.8 million in the second quarter 2016, up $6.7 million when compared to second quarter 2015 pretax income.  Net income for the second quarter increased by $3.9 million to $3.4 million, or $0.49 per diluted share, from $(0.5 million), or $(0.06) per diluted share, in the second quarter of 2015. Earnings in the second quarter included a $1.9 million non-cash charge associated w...
May 23, 2016 09:00 am ET
Scott B. Flaherty Joins Willis Lease Finance as Senior Vice President & Chief Financial Officer
NOVATO, Calif., May 23, 2016 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (Nasdaq:WLFC) announced today that Scott B. Flaherty is joining the company as its Senior Vice President and Chief Financial Officer beginning June 6, 2016....
May 09, 2016 09:00 am ET
Willis Lease Finance Reports First Quarter Pretax Profit Grew 79.0% to $6.7 Million
NOVATO, Calif., May 09, 2016 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC), the premier independent jet engine lessor in the commercial finance sector, today reported that pretax income grew 79.0% to $6.7 million in the first quarter of 2016 compared to $3.7 million in the first quarter of 2015. The Company’s first quarter 2016 results include a $2.0 million non-cash write down due to the retirement of one engine for disassembly. Net income for the first quarter increased 64.0% to $3.8 million, or $0.52 per diluted share, from $2.3 million, or $0.29 per diluted share, ...

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