COCONUT CREEK, Fla., Aug. 30, 2022 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis Lease”) announced that its wholly-owned subsidiary, Willis Asset Management Limited (“Willis Asset”), has has been selected by Peach Aviation Limited as a dedicated aircraft CAMO supplier to support deliveries of A320 aircraft that take place in various maintenance, repair and overhaul (“MRO”) operations in Asia and Europe. With a long history of technical asset management, Willis Asset is committed to providing efficient, customized and cost-effective solutions to support airlines, lessors, MROs and financiers worldwide.
“Willis Lease and our affiliates are well positioned to support our customers through fleet transitions with our extensive capabilities, ranging from CAMO and airframe maintenance to fleet purchases and engine swaps. We are honored to have been selected by Peach and look forward to exceeding their expectations,” said Austin C. Willis, CEO of Willis Lease.
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.
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.
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CONTACT: |
Austin C. Willis |
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Chief executive officer |
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(561) 413-0095 |
