Willis Lease Finance Corporation (NASDAQ: WLFC) was founded in 1985 and is headquartered in Coconut Creek, Florida. It has 155 full-time employees. Together with its subsidiaries, it leases large And regional backup commercial aircraft engines, auxiliary power units and aircraft.
Willis Lease Finance Corporation (WLFC):
Willis Financial Leasing is the first company in the United States to lease aircraft engines (aircraft engines). The company is divided into two departments to operate: Leasing and Related Operations and Spare Parts Sales.
In addition to leasing, Willis Financial Leasing also purchases and resells commercial aircraft engines; and sells aircraft engine parts and materials. Willis Lease Finance Corporation provides Stage III commercial jet engines that meet noise requirements. The company provides services to airlines and aircraft engine manufacturers, as well as maintenance, repair and overhaul providers.
As a pioneer in establishing the North American Engine Sharing Pool, Willis Financial Leasing’s North American CFM56-7B engine sharing pool serves more than 600 aircraft and continues to be a market leader. Shared alliance members include Alaska Airlines (NYSE:ALK), American Airlines (NYSE:AMR), Delta Airlines (NYSE:DAL), Enerjet, (Canada), Southwest Airlines (NYSE:LUV), West Jet (TSX:WJA) and AirTran covering etc.
As of December 31, 2017, the company had a total lease portfolio of 225 engines and related equipment, 16 aircraft, and 7 other leased parts and equipment in 43 countries, including 80 lessees; and represented other parties Managed a total lease portfolio of 437 engines and related equipment, and 393 engines.