WLFC

Willis Lease Finance Corporation Welcomes Colm Barrington to its Board of Directors

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星期五, 四月 5, 2024
Tax, Growth, Aer Lingus, University college, Part, Knowledge, GE Capital Aviation Services, COVID-19, FBO, Sale, Aviation, Acquisition, FLY Leasing, Security (finance), BBAM, University College Dublin, Babcock & Brown, GECAS, Aircraft, WLFC, Economics, Guinness Peat Aviation, Airline

COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- 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”) effective April 1, 2024.

Key Points: 
  • COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- 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”) effective April 1, 2024.
  • Mr. Barrington left his role at GECAS soon after to start his own aircraft lease management company, which later merged into Babcock & Brown Limited.
  • "We are delighted to announce the addition of Colm to our Board of Directors," stated Charles F. Willis, Founder and Executive Chairman of WLFC.
  • Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.

Willis Lease Finance Corporation Completes Delivery of 4th ATR 72-500 Aircraft under its ConstantThrust® Engine Maintenance Program

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星期四, 三月 21, 2024
Tax, Pratt & Whitney, Part, ATR, FBO, TAG Airlines, Security (finance), TAG, Aircraft, WLFC, Airline

COCONUT CREEK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- 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 72-500 aircraft.

Key Points: 
  • COCONUT CREEK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- 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 72-500 aircraft.
  • Under the lease agreements, the aircraft are included in WLFC’s ConstantThrust® program for PW127M engines.
  • “We are thrilled to support TAG, our first regional ConstantThrust® airline partner, with a fourth aircraft delivery,” said Austin C. Willis, Chief Executive Officer of WLFC.
  • Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.

Willis Sustainable Fuels (UK) Limited Approved for Construction of Sustainable Aviation Fuel (“SAF”) Refinery at Teesworks, UK

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星期二, 三月 5, 2024
Aircraft, WLFC, Aviation, Limited, Department for Transport, Part, FBO, SAF, COVID-19, Corporate development, Tax, Security (finance), Renewable energy

Recently, the project was awarded a £4.721M grant from the UK Department for Transport (“DfT”) Advanced Fuels Fund competition in support of its commitment to meet the growing demand for sustainable aviation solutions and contribute to a collective effort towards a more sustainable future for global aviation.

Key Points: 
  • Recently, the project was awarded a £4.721M grant from the UK Department for Transport (“DfT”) Advanced Fuels Fund competition in support of its commitment to meet the growing demand for sustainable aviation solutions and contribute to a collective effort towards a more sustainable future for global aviation.
  • "We're poised to dive into action, collaborating closely with our partners at Teesworks to bolster the UK’s SAF pipeline."
  • We are grateful for our partners at Teesworks and the DfT for supporting the advanced fuels sector,” said Stephanie Sutherland, WLFC’s Director of Corporate Development.
  • Willis Sustainable Fuels (UK) Limited's Carbonshift PtL process is targeted to produce SAF that can be seamlessly blended with conventional jet fuel for immediate use with existing commercial aircraft engines.

Willis Lease Finance Corporation Welcomes Brendan Curran to its Board of Directors

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星期四, 十二月 28, 2023
Tax, WLFC, Business administration, Aircraft, University, ATL, Columbia Business School, COVID-19, Engineering, Part, Growth, Aviation, Security (finance), FBO

COCONUT CREEK, Fla., Dec. 28, 2023 (GLOBE NEWSWIRE) -- 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”), effective January 1, 2024.

Key Points: 
  • COCONUT CREEK, Fla., Dec. 28, 2023 (GLOBE NEWSWIRE) -- 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”), effective January 1, 2024.
  • Most notably, Mr. Curran’s expertise aligns well with WLFC’s vision and mission, making him a valuable addition to the Board.
  • “We are excited to welcome Brendan to our Board of Directors,” said WLFC Founder and Executive Chairman Charles F. Willis.
  • Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.

Willis Sustainable Fuels (UK) Limited, Awarded £4.721M Grant in UK’s Advanced Fuels Fund (AFF) Competition

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星期五, 十一月 17, 2023
Carbon, FBO, Security (finance), AFF, Tax, Tennessee Department of Transportation, Part, SAF, WLFC, PTL, COVID-19, Department for Transport, Aircraft, Aviation, Airline, Renewable energy, Jet fuel, Limited, Tees Valley, Transport

The Department for Transport (DfT) competition supports the UK advanced fuels sector through grant funding to first-of-a-kind commercial and demonstration-scale projects in the UK at all development stages up to the start of construction.

Key Points: 
  • The Department for Transport (DfT) competition supports the UK advanced fuels sector through grant funding to first-of-a-kind commercial and demonstration-scale projects in the UK at all development stages up to the start of construction.
  • “The aviation industry is at a critical juncture, with a pressing need to transition towards more environmentally friendly energy sources.
  • SAF represents one of the most promising pathways to achieving sizeable reductions in carbon emissions,” said Austin C. Willis, CEO of WLFC.
  • WLFC’s Carbonshift PtL process is designed to produce “drop-in” sustainable aviation fuel utilizing advanced technology for PtL SAF, making it available for immediate use once blended with jet fuel.

Willis Lease Announces Pricing of $410.0 Million in Fixed Rate Notes

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星期五, 十月 20, 2023
Sale, Security (finance), Regulation, Person, News, Note, Maintenance, Part, FBO, Annual report, SEC Rule 144A, WLFC, Airline

COCONUT CREEK, Fla., Oct. 19, 2023 (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 VII (“WEST”), has priced $410.0 million in aggregate principal amount of fixed rate notes (the “Notes”).

Key Points: 
  • COCONUT CREEK, Fla., Oct. 19, 2023 (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 VII (“WEST”), has priced $410.0 million in aggregate principal amount of fixed rate notes (the “Notes”).
  • The Notes will be secured by, among other things, WEST’s direct and indirect interests in a portfolio of 51 aircraft engines and four airframes.
  • The Notes will have a fixed coupon of 8.000%, an expected maturity of approximately six years, an expected weighted average life (based on certain modeling assumptions) of 4.6 years and a final maturity of 25 years.
  • Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide.

Willis Lease Finance Corporation Announces Teesworks as Site for Innovative New, Power-to-Liquid (PtL) Sustainable Aviation Fuel (SAF) Project

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星期一, 十月 2, 2023
Hydrogen, Maintenance, Electrolysis, Darlington, SAF, COVID-19, Electricity, PTL, Aviation, Tax, Part, Tees Valley Combined Authority, Securities and Exchange Commission of Pakistan, WLFC, Water, United Kingdom, Security (finance), United, Aircraft, FBO, Corporate development, Airline, Jet fuel, Renewable energy, Tees Valley, Limited

Teesworks is the United Kingdom’s largest industrial zone, and an international hub for diverse, sustainable, and low-carbon activity.

Key Points: 
  • Teesworks is the United Kingdom’s largest industrial zone, and an international hub for diverse, sustainable, and low-carbon activity.
  • Increased SAF production and utilization is seen as a driving factor in reducing greenhouse gas emissions from the aviation industry.
  • “Our pioneering SAF project at Teesworks will directly support the global aviation industry’s ambitious goal of net-zero emissions by 2050,” says Austin C. Willis, CEO of WLFC.
  • Chris Musgrave OBE, Chairman of Teesworks, shared, “We are delighted at this announcement by Willis Lease Finance Corporation, which will bring another global name to Teesworks.

Willis Lease Finance Corporation Undertakes New, Innovative “Power-to-Liquid” (PtL) Sustainable Aviation Fuel (SAF) Project

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星期一, 七月 17, 2023
Hydrogen, Area studies, Maintenance, Teesside International Airport, SAF, COVID-19, Aviation, Electricity, PTL, Tax, Air travel, Part, WLFC, Power, Security (finance), Transport, CO2, FBO, Aircraft, Airline, Renewable energy, Limited

COCONUT CREEK, Fla., July 17, 2023 (GLOBE NEWSWIRE) -- 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 Power-to-Liquid (“PtL”) Sustainable Aviation Fuel (“SAF”).

Key Points: 
  • COCONUT CREEK, Fla., July 17, 2023 (GLOBE NEWSWIRE) -- 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 Power-to-Liquid (“PtL”) Sustainable Aviation Fuel (“SAF”).
  • “Our pioneering PtL SAF project would directly support the global aviation industry’s ambitious goal of net-zero emissions by 2050, which represents a major, near-term step in the important effort to decarbonize aviation,” says Austin C. Willis, CEO of WLFC.
  • “As one of the first aviation leasing companies to spearhead a SAF initiative of this magnitude, we are thrilled to be continuing our legacy as a leader and innovator in aviation.
  • The SAF project is one element of our broader strategy to contribute towards the decarbonization of aviation.

Willis Lease Finance Corporation Reports First Quarter Pre-tax Income of $6.8 million

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星期四, 五月 4, 2023
Maintenance, Spare, COVID-19, Tax, Part, Securities and Exchange Commission of Pakistan, Sale, Investment, WLFC, Security (finance), FBO, Aircraft, Video game, Airline

COCONUT CREEK, Fla., May 04, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported first quarter total revenues of $89.5 million and pre-tax earnings of $6.8 million.

Key Points: 
  • COCONUT CREEK, Fla., May 04, 2023 (GLOBE NEWSWIRE) -- 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 $76.7 million and spare parts and equipment sales were $5.1 million.
  • Maintenance reserve revenue was $23.5 million in the first quarter of 2023, an increase of 58.4%, compared to $14.8 million in the same quarter of 2022.
  • The Company generated $6.8 million of pre-tax income in the first quarter of 2023, compared to a pre-tax loss of $27.7 million in the first quarter of 2022.

Willis Lease Finance Corporation Announces Aircraft Base Maintenance Approvals

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星期五, 二月 3, 2023
Aircraft, Securities & Exchange Commission of Pakistan, Tax, FBO, Teesside International Airport, Thyssenkrupp Materials Services, A320, Cyprus Securities and Exchange Commission, Security (finance), COVID-19, CAA, Willis, WLFC, UK CAA, Airbus A320 family, ATR, EASA, Embraer, Part, Senior, Maintenance, Boeing, ATR 42/72, MRO, 737NG, Airbus, Airline

COCONUT CREEK, Fla., Feb. 03, 2023 (GLOBE NEWSWIRE) -- 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 A320 family, Boeing 737NG, ATR 42/72, and Embraer 135/145 aircraft.

Key Points: 
  • COCONUT CREEK, Fla., Feb. 03, 2023 (GLOBE NEWSWIRE) -- 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 A320 family, Boeing 737NG, ATR 42/72, and Embraer 135/145 aircraft.
  • WASL’s offerings also include aircraft disassembly, short- and long-term aircraft storage and preservation, line maintenance, return to service, as well as ground and cargo handling services.
  • Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide.
  • These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center US/UK, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.