Willis Lease Finance Corp Expands Lease Portfolio

By Bobby Samwell • Wednesday, July 15 10:52 • Permanent Link

Willis Lease Finance said it signed a definitive agreement to acquire a portfolio of 12 commercial aircraft and 13 aircraft engines, adding 25 assets to its lease portfolio.

The company said the deal expands its aircraft leasing business and supports its engine-based programs, including ConstantThrust. It also said the acquisition complements its asset management, technical and aftermarket capabilities.

Willis Lease described the transaction as a portfolio addition that would grow both its asset base and customer base, while strengthening its ability to support aviation customers across the asset lifecycle.

The company did not disclose the purchase price, the aircraft types, or the engine models in the release. Today the company's shares have moved -0.52% to a price of $215.845. For more information, read the company's full 8-K submission here.

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