Core Insights - Willis Lease Finance Corporation has successfully closed the sale of Bridgend Asset Management Limited to Willis Mitsui & Co. Engine Support Limited, leading to the renaming of BAML to Willis Mitsui & Co. Asset Management Limited [1][2] - The transaction aims to enhance the capabilities and efficiency of the WMES platform by integrating technical consultancy and records management services [3] - The joint venture WMES, established in 2011, currently manages assets worth approximately $380 million, with expectations for growth due to expanded service offerings [3] Company Developments - The sale marks a significant milestone for WLFC and its partnership with Mitsui, indicating a step towards closer collaboration and growth within the joint venture [4] - WLFC retains a 50% ownership stake in WMES and plans to leverage its services to support leasing operations while focusing on strategic initiatives to expand its aviation portfolio [4] Industry Context - The integration of consultancy and advisory services into WMES is positioned to better meet the growing demands of the global aviation market, solidifying the joint venture's role in delivering comprehensive engine-related services [4]