Core Insights - The establishment of Willis Aviation Capital (WAC) aims to manage third-party assets and capital, generating recurring management fees and supporting balance sheet deleveraging for Willis Lease Finance Corporation (WLFC) [1][3] Group 1: Company Overview - WLFC is a leading lessor of commercial aircraft engines and provides global aviation services, including leasing large and regional spare commercial aircraft engines and auxiliary power units [5] - The company integrates its leasing activities with end-of-life solutions for engines and aviation materials through Willis Aeronautical Services, Inc. [5] Group 2: New Division and Partnerships - WAC will manage engine and aviation asset portfolios primarily funded by third-party capital, including partnerships with Blackstone Credit & Insurance ($1 billion) and Liberty Mutual Investments (up to $600 million) [3] - WAC will also oversee existing joint ventures with Mitsui & Co. and China Aviation Supplies Company, as well as select third-party aviation assets [3] Group 3: Leadership and Structure - Brian R. Hole has been appointed as Global Head of Managed Funds and Credit for WAC, bringing extensive experience from his previous roles at WLFC [4] - Dan Coulcher has been named Senior Vice President of Joint Ventures, reporting to Mr. Hole [4] Group 4: Strategic Goals - The WAC structure is designed to enhance WLFC's return profile and leverage the company's industry-leading leasing and services platform to attract partners [2][5] - The initiative aims to create durable income streams and recurring revenue from institutional funds and joint ventures, driving shareholder value [7]

Core Insights - Willis Lease Finance Corporation (WLFC) has opened its second and third narrow-body hangars at Teesside International Airport, enhancing its capabilities in aircraft maintenance, repair, and overhaul (MRO) services [1][2][3] Company Developments - The new hangars are fully equipped to service Boeing 737 and Airbus A320-family aircraft, including next-generation models, with the project having broken ground in April 2025 [2] - The Teesside operation is expected to create a significant number of new highly-skilled jobs in the area, reflecting WLFC's commitment to the region and the growing demands of the UK's MRO sector [3] Strategic Vision - WLFC sees significant opportunity in the Teesside region, having made several strategic investments recently, and aims to create value for customers and the broader MRO sector [3] - The company integrates its leasing activities with end-of-life solutions for engines and aviation materials, alongside various service offerings including engine maintenance and ground handling services [4]