Willis Lease Finance Corporation is a lessor and servicer of commercial aircraft and aircraft engines worldwide, operating through two segments: Leasing and Related Operations, and Spare Parts Sales. It acquires and leases commercial aircraft, engines, and related equipment, and also purchases and resells after-market engine parts, whole engines, engine modules, and portable aircraft components. The company serves commercial aircraft operators and maintenance, repair, and overhaul organizations. Incorporated in 1985, it is headquartered in Coconut Creek, Florida.
Willis Lease Finance Acquires Malaysia Land for Third Engine Repair Center
Willis Lease Finance Corp. has acquired land in Malaysia to build a new Willis Engine Repair Center, its third such facility worldwide. The new WERC will join existing facilities in Florida and Wales, delivering storage, repair and maintenance services to third-party assets and the engine portfolio the company owns. CEO Austin C. Willis called the move an integral step in the company's pursuit of global expansion and evidence of its commitment to one of the most rapidly expanding segments of the aviation market. The company recently completed its acquisition of 13 aircraft engines and 12 commercial aircraft. Construction of the Malaysia facility is expected to conclude in early 2027, though the schedule faces risks including permit delays, supply chain disruptions, workforce shortages and unanticipated operational complications.
Willis Lease Finance Adds 13 Engines and 12 Aircraft in New Deal
Willis Lease Finance Corp. is adding 13 aircraft engines and 12 commercial aircraft to its aviation asset holdings through a recently concluded transaction. CEO Austin C. Willis said the acquisitions offer a compelling opportunity to allocate capital toward assets that resonate with existing operations, building on the company's core strengths in aircraft and engine leasing. The additions expand the company's leasing and aftermarket revenue opportunities, though results will depend on utilization, lease economics, maintenance costs, and residual values. The deal follows a second quarter in which lease rent revenue grew 6.7% but total revenue slipped 0.8% to $194 million, dragged by a 30.2% drop in spare parts and equipment sales to $21.2 million and a 67.6% decline in interest revenue. Net income attributable to common shareholders fell 51.2% to $28.7 million and diluted EPS dropped from $2.81 to $1.31, while debt declined from $2.70 billion to $2.32 billion and the leased engine count fell from 363 to 334 as leased aircraft rose from 20 to 22.
WLFC · Capital · Positive Willis Lease Finance concluded a transaction adding 13 engines and 12 commercial aircraft, allocating capital to expand its leasing asset base.
Willis Lease Finance Q2 earnings fall 53% on lower maintenance revenue
Willis Lease Finance Corporation reported second-quarter earnings per share of $1.31, a 53.4% decline from $2.81 a year earlier, as lower maintenance reserve revenue weighed on results. Revenues slipped 0.8% to $194 million, while net income attributable to common shareholders fell 51.2% to $28.7 million, though the prior-year period included a $43 million gain from the sale of the BAML business. On a normalized basis excluding that gain, net income increased 80% and EPS rose 72%, with income from operations up 20.2% to $34 million and adjusted EBITDA up 4% to $120.7 million. Short-term maintenance reserve revenue dropped 22% to $39 million, reflecting fewer engines on short-term leases and lower flight activity on less fuel-efficient aircraft amid elevated fuel prices, while lease rent revenues rose 6.7% to $77.1 million. The company also highlighted a $32 million gain on sale of leased equipment, a 21% increase in assets under management to $4.4 billion, and post-quarter agreements including a $379.3 million acquisition of 12 aircraft and 13 engines.
Willis Lease reports $1.3 billion in discretionary fund capital ready to deploy and signs engine storage deal with Pratt & Whitney
Willis Lease Finance Corporation disclosed it has roughly $1.3 billion of additional capital ready to deploy in its discretionary funds while also signing a major engine storage agreement with Pratt & Whitney. CEO Austin Willis said assets under management rose from about $3.6 billion in the second quarter of 2025 to roughly $4.4 billion in the second quarter of 2026, with earnings before tax of $38 million and adjusted EBITDA of $120.7 million. The company completed the seeding of its fund portfolios and will now focus on growing assets under management through third-party purchases. Willis Lease also acquired three Airbus A330-300 aircraft leased to China Airlines and EVA Air, and signed definitive documentation to acquire entities owning an additional 12 commercial aircraft and 13 engines. CFO Scott Flaherty reported second-quarter revenues of $194 million, net income of $28.7 million, and diluted earnings per share of $1.31.
WLFC · Capital · Positive Reports $1.3B in discretionary capital, AUM growth, and strong financial results.
2610.TW · Demand · Neutral China Airlines is mentioned as lessee of A330 aircraft acquired by Willis Lease, but no direct impact on China Airlines' operations.
2618.TW · Demand · Neutral EVA Air is mentioned as lessee of A330 aircraft acquired by Willis Lease, but no direct impact on EVA Air's operations.
Willis Lease Finance Corporation declared a quarterly dividend of $0.133 per share of common stock outstanding, adjusted due to the company's 3-for-1 stock split earlier in the month. The dividend is expected to be paid on August 21, 2026, to stockholders of record at the close of business on August 11, 2026.
Willis Lease Finance Corporation has signed a five-year agreement with RTX’s Pratt & Whitney to provide storage and lease return services for PW1100G-JM, PW1500G, PW1900G, PW4000 and IAE AG V2500 engines. The services will be performed from Willis Lease’s facilities in Coconut Creek, Florida and Bridgend, Wales, supporting Pratt & Whitney’s growing aftermarket storage requirements. The agreement builds on a decades-long relationship and was strengthened by quality reviews of Willis Engine Repair Center, a subsidiary of Willis Lease, as well as its technical capabilities and maintenance and storage training initiatives. Austin C. Willis, CEO of Willis Lease, said the deal reflects Pratt & Whitney’s confidence in the company’s team, facilities and technical capabilities.
Willis Lease Finance Corporation announced that its shareholders approved a three-for-one forward stock split of the company's common stock, along with a proportionate increase in authorized shares. The Board of Directors also approved the split, which will be effected through an amendment to the certificate of incorporation. Shareholders of record as of the close of trading on July 6, 2026, will receive two additional shares for each share held, with trading expected to begin on a split-adjusted basis at market open on July 20, 2026, subject to final Nasdaq approval. Executive Chairman Charles F. Willis noted that all five proposals on the 2026 proxy were passed, reflecting momentum across the business.
WLFC · Capital · Positive Shareholders approved a three-for-one forward stock split, a financial/valuation event that typically signals confidence and can improve liquidity.
Willis Lease Finance Acquires Three Airbus A330-300 Aircraft for Lease to China Airlines and EVA Air
Willis Lease Finance Corporation has closed the acquisition of three Airbus A330-300 aircraft that will be leased to China Airlines and EVA Air. The company stated that demand for assets and aftermarket services remains exceptionally strong as operators navigate fleet growth, delivery delays, and ongoing maintenance capacity constraints. Chief Executive Officer Austin C. Willis said the current market environment presents a compelling opportunity to deploy capital into high-quality assets, and this purchase represents another important step in the continued expansion of the company's portfolio and commitment to supporting customers worldwide.
Malaysia
United States
United Kingdom