Core Insights - Willis Lease Finance Corporation (WLFC) reported record annual total revenues of $569.2 million and pre-tax income of $152.6 million for the year ended December 31, 2024, marking a significant increase from the previous year [1][3] - The growth in revenues was primarily driven by core lease rent and maintenance reserve revenues, which reached an all-time high of $452.1 million, up 30.4% from $346.8 million in 2023 [1][3] Financial Performance - Pre-tax income increased by 127.4% to $152.6 million in 2024, compared to $67.1 million in 2023 [3][9] - Lease rent revenue rose by 11.8% to $238.2 million in 2024, up from $213.1 million in 2023 [3][7] - Maintenance reserve revenue reached $213.9 million, a 60.0% increase from $133.7 million in 2023, reflecting the growth in the lease portfolio [3][7] - Spare parts and equipment sales increased to $27.1 million in 2024, compared to $20.4 million in 2023, driven by demand for surplus materials [3][7] Asset and Equity Growth - The company's lease portfolio value increased to $2,872.3 million as of December 31, 2024, up from $2,223.4 million in 2023 [3][4] - The book value of lease assets, including joint ventures, rose to $3,238.4 million as of December 31, 2024, compared to $2,495.4 million in 2023 [3][4] - Diluted weighted average income per common share was $15.34 for 2024, compared to $6.23 in 2023 [3][9] - The company declared and paid a recurring quarterly dividend of $0.25 per share in November 2024 and February 2025 [3][10] Strategic Initiatives - The company leveraged strong earnings to reinvest nearly $1 billion in high-demand engines and aircraft, reflecting its ability to maximize asset value [2] - In October 2024, WLFC refinanced and expanded its credit facility from $500 million to a new five-year, $1.0 billion facility, enhancing liquidity for continued growth [3][10]

Core Insights - Willis Lease Finance Corporation (WLFC) has exercised purchase rights for 30 new LEAP engines from CFM International, enhancing its portfolio and support capabilities for operators of Airbus A320neo and Boeing 737 MAX aircraft [1][2] Company Overview - WLFC is a leading lessor of commercial aircraft engines and provides global aviation service operations, including leasing large and regional spare commercial aircraft engines, auxiliary power units, and aircraft to various aviation stakeholders [3] - The company integrates its leasing activities with engine and aircraft trading, engine lease pools, and asset management services, along with end-of-life solutions for engines and aviation materials [3] Strategic Importance - The acquisition of the LEAP engines is positioned as a significant milestone that aligns with the company's vision to support sustainable flight through advanced and efficient aviation solutions [2]

Core Points - Willis Lease Finance Corporation (WLFC) plans to announce its financial results for Q4 and full year 2024 on March 10, 2025 [1] - A conference call will be held on the same day at 10:00 a.m. EST to discuss these results [2] - A digital replay of the conference call will be available two hours after its completion [2] Company Overview - WLFC leases large and regional spare commercial aircraft engines, auxiliary power units, and aircraft to various clients including airlines and maintenance providers globally [4] - The company's leasing activities are complemented by engine and aircraft trading, engine lease pools, and asset management services [4] - WLFC also offers end-of-life solutions for engines and aviation materials through its subsidiary, Willis Aeronautical Services, Inc. [4] - Service offerings include Part 145 engine maintenance, aircraft line and base maintenance, and various ground handling services [4]

COCONUT CREEK, Fla., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) plans to announce its financial results for the fourth quarter and full year 2024 on Monday, March 10, 2025. WLFC plans to hold a conference call led by members of WLFC’s executive management team on Monday, March 10, 2025, at 10:00 a.m. Eastern Standard Time to discuss its fourth quarter and full year 2024 results. Individuals wishing to participate in the conference call should dial: US and Cana ...

Driving Progress and Excellence: A New Era of Aviation Maintenance CollaborationCOCONUT CREEK, Fla., Jan. 27, 2025 (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, announces its subsidiary, Willis Aviation Services Limited (“WASL”), a leading aircraft maintenance, repair and overhaul (“MRO”) provider, has entered into a long-term General Terms Agreement with TUI Airways ( ...

Company Overview - Willis Lease Finance Corporation (WLFC) declared a quarterly dividend of $0.25 per share, marking its third consecutive regular quarterly dividend since June 2024, indicating the strength of its business model [1][2] - The company specializes in leasing large and regional spare commercial aircraft engines, auxiliary power units, and aircraft to various stakeholders in the aviation industry, including airlines and maintenance providers [2] Financial Information - The dividend is scheduled to be paid on February 21, 2025, to stockholders of record as of February 12, 2025 [1] - The company's leasing activities are complemented by engine and aircraft trading, asset management services, and end-of-life solutions for aviation materials [2] Services Offered - WLFC provides a range of services including Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, as well as airport ground and cargo handling services [2]

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]

Core Insights - Willis Lease Finance Corporation has entered into a transaction with Pratt & Whitney to purchase nine new PW1133G-JM aircraft engines, valued at approximately $200 million, with all purchases expected to be completed by December 31, 2024 [1] - The PW1133G-JM engines offer up to 20% better fuel efficiency compared to previous generation engines and are certified for operation on 50% sustainable aviation fuel (SAF), having been successfully tested on 100% SAF [1] - This transaction is part of the company's strategy to provide modern and in-demand engines to airlines, enhancing their operational capabilities [2] Company Overview - Willis Lease Finance Corporation specializes in leasing large and regional spare commercial aircraft engines, auxiliary power units, and aircraft to various stakeholders in the aviation industry, including airlines and maintenance providers [4] - The company integrates its leasing activities with engine and aircraft trading, engine lease pools, and asset management services, along with end-of-life solutions for engines and aviation materials [4] - Service offerings include Part 145 engine maintenance, aircraft line and base maintenance, disassembly, parking and storage, and ground handling services [4]

Core Insights - Willis Lease Finance Corporation (WLFC) has appointed Stephen Jones to its Board of Directors, effective January 1, 2025, bringing extensive airline and management experience [1][4] - Jones has a 40-year career in the airline and energy industries, having held significant roles in various airlines and contributing to their growth and strategic initiatives [2][3] - The company expresses confidence in Jones's ability to enhance its leadership and drive growth, aiming to solidify WLFC's position as the leading lessor of jet engines globally [4] Company Overview - WLFC specializes in leasing commercial aircraft engines and providing aviation services, including maintenance and asset management [6] - The company operates globally, serving airlines, engine manufacturers, and maintenance providers, and offers a range of services from engine maintenance to cargo handling [6] Leadership Changes - Rae Ann McKeating has resigned from the Board, effective December 31, 2024, with the company acknowledging her significant contributions during her tenure [5]

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 ...