Willis Lease Finance Corporation changes name after significant growth

COCONUT CREEK, Fla., Oct. 18, 2022 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) announced that it will unite its multiple WLFC businesses under a new brand that will more clearly demonstrate the extent of its combined offers.

The new corporate image and profile will be unveiled at MRO Europe Aviation Week in London on October 18, 2022, and will include a new graphical “look and feel” as well as a revamped website to incorporate all WLFC entities.

Since its founding over 45 years ago by Executive Chairman Charles F. Willis – who pioneered the creation of an entirely new business model and category by financing the use and sale of reaction – the company has demonstrated constant innovation and steady growth by strategically developing new products and services designed to increase the efficiency of its customers worldwide.

By adding the Willis Engine Repair Center US/UK and Jet Center by Willis business units, as well as the Willis Aviation Services Limited subsidiary, the company has expanded its service offerings to include Part 145 engine maintenance, line and in-line maintenance. aircraft base, aircraft dismantling, parking and storage, airport FBO and ground handling services. Serving more than 120 countries, WLFC has a portfolio of $2 billion in assets held as of June 30, 2022.

“Given our growth and the breadth of our offerings, we feel it’s time to make sure our industry, customers and partners know that WLFC does more than just rent,” said Austin C Willis, CEO of WLFC. “This new brand is a message to our valued partners and customers that they can turn to WLFC for industry expertise, maintenance, repairs, consulting services and much more.”

“We’ve been attending MRO Europe for years, and this felt like the perfect opportunity to share our new look with customers and other industry players,” said Brian R. Hole, President of WLFC. “We are delighted with this new brand image which reflects our continued growth. »

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MRO Europe, which will address the challenges facing the aviation industry, will be held at ExCel London. The conference starts on October 18, 2022 and the exhibition runs on October 19 and 20. WLFC will be at stand 1731. Visitors to the exhibition can find more planning details on the MRO Europe website. For more information about WLFC and its services, please direct inquiries to lkohler@willislease.com. Lynn Kohler, Corporate Communications Manager, will be at Aviation Week MRO Europe and available to answer questions.

Willis Lease Finance Corporation

Willis Lease Finance Corporation leases spare large and regional commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers in 120 countries. These leasing businesses are integrated with engine and aircraft trading, engine leasing pools and asset management services backed by advanced technology through its subsidiary, Willis Asset Management Limited, as well as various end-of-life solutions for engines and aircraft equipment provided by its subsidiary, Willis Aeronautical Services, Inc. Along with the business units Willis Engine Repair Center US/UK and Jet Center by Willis, as well as the subsidiary Willis Aviation Services Limited, the Company’s service offerings also include Part 145 engine maintenance, aircraft line and base maintenance, aircraft teardown, parking and storage, airport FBO and ground handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not place undue reliance on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them. Our actual results may differ materially from the results discussed in the forward-looking statements. Factors that could cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activities and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions in global markets; trends in the airline industry and our ability to capitalize on these trends, including market growth rates and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate the purchase, sale and lease of equipment, collect amounts due and control costs and expenses; changes in interest rates and the availability of capital, both to us and to our customers; our ability to continue to meet changing customer demands; regulatory changes affecting flight operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the company’s annual report on Form 10-K and other ongoing reports filed with the Securities and Exchange Commission.