Willis Lease(WLFC)
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Willis Aviation Services Limited Selected by Jet2.com for Expert MRO Services in UK
Newsfilter· 2025-01-08 19:32
Company Announcement - Willis Lease Finance Corporation's subsidiary, Willis Aviation Services Limited (WASL), has entered into a long-term General Terms Agreement (GTA) and volume commitment with Jet2com to perform C Checks on Jet2's B737NG aircraft [1] - The agreement highlights the company's commitment to delivering premier MRO solutions while supporting Jet2's fleet, fostering local economic growth, and creating skilled jobs in the UK aerospace industry [3] Strategic Collaboration - WASL will deliver heavy base maintenance services at its state-of-the-art facility at Teesside International Airport in Northeastern England [2] - The collaboration underscores Jet2's commitment to ensuring the highest standards of safety, reliability, and superior performance across its aircraft operations [2] Company Overview - Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units, and aircraft to airlines, aircraft engine manufacturers, and MRO providers worldwide [4] - 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 [4] Leadership Statements - Austin C Willis, WLFC's Chief Executive Officer, expressed excitement about partnering with Jet2com, a respected airline known for its customer focus and operational excellence [3] - Chris Hubbard, Director of Engineering & Maintenance at Jet2com, emphasized the importance of safety and reliability, expressing confidence in WASL's proven capability and commitment to quality [3]
Willis Lease Finance Corporation Invests in the Future with the Purchase of Nine Advanced GTF Engines, Powering the Latest Technology AIRBUS A320 Family in 2024
GlobeNewswire· 2024-12-19 18:45
COCONUT CREEK, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce that it has entered into a transaction with Pratt & Whitney for the purchase of nine new PW1133G-JM aircraft engines, with all purchases expected to occur by December 31, 2024. Pratt & Whitney’s GTF engines enable up to 20% better fuel efficiency compared t ...
Willis Lease Finance Corporation Welcomes Stephen Jones to its Board of Directors
GlobeNewswire· 2024-12-17 20:45
Jones brings extensive airline, senior management, and governance experienceCOCONUT CREEK, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Stephen Jones to its Board of Directors (the “Board”) effective January 1, 2025. Mr. Jones has a 40-year career in the airline and energy industries. An engineer by trainin ...
Willis Lease Finance Q3 Earnings Soar Y/Y on Leasing Growth
ZACKS· 2024-11-05 19:26
Willis Lease Finance Corporation (WLFC) reported third-quarter earnings of $3.37 per share, marking a significant increase from $2.13 per share in the same quarter of 2023. The company generated total revenues of $146.2 million, a 38.3% year-over-year increase compared to $105.7 million in the third quarter of 2023, driven by growth in core leasing and maintenance reserve revenues. Willis Lease Finance’s third-quarter results highlight its solid footing in the aviation leasing market. Strong revenue growth ...
Announcement of New Revolving Credit Facility
GlobeNewswire News Room· 2024-11-04 22:20
COCONUT CREEK, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) today reported that on October 31, 2024, the Company entered into a new, $1.0 billion, five-year, revolving credit facility (the “Credit Agreement”) among WLFC, certain wholly-owned subsidiaries of WLFC, as guarantors, the lenders party thereto from time to time (the “Lenders”), and Bank of America, N.A., as administrative agent, collateral agent, swing line lender, and letter of ...
Willis Lease(WLFC) - 2024 Q3 - Earnings Call Transcript
2024-11-04 20:56
Willis Lease Finance Corporation (NASDAQ:WLFC) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Austin Willis - Chief Executive Officer Scott Flaherty - Chief Financial Officer Brian Hole - President Conference Call Participants Frank Galanti - Stifel Gregory Dahlberg - Wolfe Research, LLC Will Waller - M3F, Inc Eric Gregg - Four Tree Island Advisory LLC Justin Hughes - Phase 2 Partners Joshua Strauss - Pekin Hardy Strauss, Inc. Joshua Sullivan - The Benchmark Company Opera ...
Willis Lease(WLFC) - 2024 Q3 - Quarterly Report
2024-11-04 19:29
Table of Contents Large Accelerated Filer ☐ Accelerated Filer ☒ Non-Accelerated Filer ☐ Smaller Reporting Company ☒ Emerging Growth Company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...
Willis Lease(WLFC) - 2024 Q3 - Quarterly Results
2024-11-04 13:01
Exhibit 99.1 NEWS RELEASE CONTACT: Scott B. Flaherty Executive Vice President & Chief Financial Officer (561) 413-0112 Willis Lease Finance Corporation Reports Strong Third Quarter Pre-Tax Income of $34.5 million Pre-Tax Income Up 69% as Compared to that of the Third Quarter of the Prior Period Board Declares Recurring Quarterly Dividend of $0.25 Per Share of Common Stock COCONUT CREEK, FL — November 4, 2024 — Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC" or the "Company") today reported third qua ...
Willis Lease Finance Corporation Announces Timing of Third Quarter 2024 Earnings and Conference Call
GlobeNewswire News Room· 2024-10-16 20:57
COCONUT CREEK, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC") plans to announce its financial results for the third quarter 2024 before the opening of Nasdaq on Monday, November 4, 2024. WLFC plans to hold a conference call with members of WLFC's executive management team on Monday, November 4, 2024, at 10:00 a.m. Eastern Standard Time to discuss its third quarter 2024 results. Individuals wishing to participate in the conference call should dial: US and Can ...
Willis Lease Finance's Liquidation Value Is >$200
Seeking Alpha· 2024-10-15 14:00
Adjusting for the market value of Willis Lease Finance Corporation's (NASDAQ: WLFC ) engine portfolio, their liquidation value is over $200 per share. It is a steal under that price. Comparable companies imply that it could be worth far Chris runs the investing group Sifting the World , in which he shares his best ideas, deep research, extensive resources and real time updates as investments play out. The group contains an experienced community that shares specialized knowledge when members have local knowl ...