Welcome to our dedicated page for Willis Lease news (Ticker: WLFC), a resource for investors and traders seeking the latest updates and insights on Willis Lease stock.
Willis Lease Finance Corp (WLFC) delivers specialized aviation leasing solutions and engine portfolio management for global operators. This news hub provides investors and industry professionals with essential updates on the company’s leasing innovations, financial performance, and market leadership in commercial aviation asset management.
Access real-time press releases covering engine leasing programs, strategic partnerships, and technical advancements that drive WLFC’s operations. Our curated collection includes earnings reports, MRO collaborations, and asset acquisition announcements – critical information for evaluating the company’s position in aviation finance markets.
Regular updates feature developments in engine pooling technology, aftermarket parts trading, and subsidiary-driven initiatives through Willis Asset Management. Bookmark this page to monitor how WLFC’s integrated leasing solutions address evolving challenges in aircraft maintenance and fleet optimization.
Willis Lease Finance Corporation (NASDAQ: WLFC) reported strong financial results for 2022, with total revenues reaching $311.9 million and a pre-tax income of $9.8 million.
Key highlights include a 20.6% increase in lease rent revenue to $162.6 million, driven by a greater number of engines leased and improved utilization. Maintenance reserve revenue rose 12.8% to $83.4 million, while short-term maintenance revenue surged to $47.4 million from $17.7 million in the previous year, reflecting a rebound in global flight traffic.
The company's book value per diluted share increased to $64.27, up from $59.23 in 2021.
Willis Lease Finance Corporation (NASDAQ: WLFC) announced the expansion of its UK subsidiary, Willis Aviation Services Limited (WASL), to include UK CAA base maintenance approvals for multiple aircraft, including the Airbus A320 family and Boeing 737NG. This development enhances WLFC’s existing maintenance capabilities at Teesside International Airport, showcasing its vertical integration in the engine and aircraft MRO services. Senior Vice President Garry Failler highlighted that this approval adds significant value to the Willis Platform and its customer base.
Willis Lease Finance Corporation (NASDAQ: WLFC) reported Q3 2022 revenues of $76.9 million, up from the previous year, with pre-tax earnings of $8.4 million. Key drivers included a 20.1% increase in lease rent revenue, totaling $39.5 million. However, maintenance reserve revenue fell 13.6% to $20.4 million. Spare parts sales rose to $7.0 million, reflecting stronger industry demand. Book value per share improved to $64.28. Despite growth, the company remains cautious amid macroeconomic risks.
Willis Lease Finance Corporation (NASDAQ: WLFC) has announced a rebranding initiative to unify its multiple business units, reflecting its expanded service offerings. The new branding, revealed at Aviation Week MRO Europe on October 18, 2022, aims to communicate that WLFC provides more than just leasing services. The company has broadened its portfolio to include engine maintenance, aircraft storage, and ground handling services, with $2 billion in assets as of June 30, 2022. CEO Austin C. Willis emphasized the need for the industry to recognize WLFC's full range of expertise.
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