Core Insights - Willis Lease Finance Corporation (WLFC) has launched an industry-first program in collaboration with CFM International to extend the operational life of CFM56-5B and CFM56-7B engines [1][2] - The program focuses on restoring core components of the engines instead of full disassembly, allowing for longer service life [2] - WLFC is the first commercial aircraft engine lessor to partner with the OEM for this initiative, demonstrating its commitment to extending engine lifecycles [2] Company Overview - WLFC specializes in leasing large and regional spare commercial aircraft engines and aircraft to various clients, including airlines and maintenance providers [4] - The company's services include engine and aircraft trading, asset management, and end-of-life solutions for engines and aviation materials [4] - WLFC operates through various service offerings, including Part 145 engine maintenance and ground handling services [4] Leadership Statements - The CEO of WLFC, Austin C. Willis, emphasized that the new program represents a significant evolution in engine asset management, aiming to provide high-quality products at reasonable prices [3] - CFM International's CEO, Gaël Méheust, noted that the partnership will enhance the reliability and longevity of CFM56 engines for WLFC's customers [3] Future Plans - WLFC has identified an initial group of engines for the program and plans to expand participation across additional assets over time [3]