Willis Lease Finance Corporation Closes Three Additional JOLCO Deals, Bringing Total JOLCO Financings to Nearly $120M
Rhea-AI Summary
Willis Lease Finance (NASDAQ: WLFC) has successfully closed three new Japanese operating lease with call option (JOLCO) transactions worth $64.8 million. The deals include financing for two engines in Q1 2025 (PW1127GA-JM and PW1133G-JM) maturing in 2033, and a LEAP-1A engine in April 2025 maturing in 2034.
These new transactions bring WLFC's total JOLCO financing portfolio to approximately $119.8 million since their first JOLCO engine transaction in August 2023. As the leading lessor of commercial aircraft engines, WLFC leverages these global capital sources to provide airlines with competitive lease and financing solutions.
The company's services encompass:
- Engine and aircraft leasing
- Trading and asset management
- Maintenance and repair services
- Ground handling and FBO services
Positive
- Secured $64.8M in new JOLCO financing through three transactions in Q1-Q2 2025
- Total JOLCO financing portfolio expanded to $119.8M, demonstrating strong funding capabilities
- Successfully diversified financing sources through Japanese market penetration
- Strategic financing of high-demand engine types (PW1127GA-JM, PW1133G-JM, LEAP-1A)
- Extended debt maturity profile with loans maturing in 2033-2034
Negative
- Increased debt obligations with new financing arrangements
- Exposure to market risks including oil prices, inflation, and interest rates as mentioned in risk factors
- Dependency on airline industry health and global economic conditions
News Market Reaction – WLFC
In the trading session that priced this news, WLFC gained 2.53%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
COCONUT CREEK, Fla., April 29, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced the closing of three Japanese operating lease with call option (“JOLCO”) transactions, totaling US
“The JOLCO market remains an attractive way to diversify financing options and we’re proud to deepen our relationship with Japanese counterparties,” said Scott B. Flaherty, WLFC EVP and Chief Financial Officer. “Through global capital sources like this, WLFC is able to offer our airline customers compelling lease and financing solutions.”
WLFC closed its first JOLCO engine transaction in August of 2023.
Willis Lease Finance Corporation
Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.
Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely 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 to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might 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 activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline 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 continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.
| CONTACT: | Scott B. Flaherty |
| EVP and Chief Financial Officer | |
| sflaherty@willislease.com 561.413.0112 |
