Air India and Willis Lease Finance Corporation Ink Historic ConstantThrust® Engine Sale & Leasebacks
Willis Lease Finance Corporation (WLFC)
US:NASDAQ Investor Relations:
willislease.com/investors.aspx
Company Research
Source: GlobeNewswire
COCONUT CREEK, Fla., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Air India has signed definitive sale and lease back agreements with Willis Lease Finance Corporation (NASDAQ: WLFC) (“Willis Lease”) for 34 CFM56-5B engines installed on its Airbus A320 family fleet. The engines will be covered under Willis Lease’s ConstantThrust® program, which will deliver significant reliability and cost savings versus a traditional MRO shop visit program. This is the first ConstantThrust® sale and leaseback agreement for aircraft engines by any Indian carrier. Under the sale side of the transaction, Willis Lease will purchase from Air India 34 engines powering 13 Airbus A321 aircraft and 4 Airbus A320 aircraft. Through its ConstantThrust® program, Willis Lease will provide replacement and standby spare engines, allowing Air India to avoid potentially costly and unpredictable shop visits on engines powering a transitioning aircraft fleet. Willis Lease will also have an in-country team to coordinate and man
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WLFC
News
- Willis Lease Finance Corporation Welcomes Colm Barrington to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Willis Lease Finance Corporation Welcomes Colm Barrington to its Board of DirectorsGlobeNewswire
- Willis Lease Finance: Upside Remains On Book Value [Seeking Alpha]Seeking Alpha
- Willis Lease Finance Co. (NASDAQ: WLFC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Willis Lease Finance Corporation Completes Delivery of 4th ATR 72-500 Aircraft under its ConstantThrust® Engine Maintenance Program [Yahoo! Finance]Yahoo! Finance
WLFC
Analyst Actions
- 3/14/24 - TheStreet
WLFC
Sec Filings
- 4/23/24 - Form 4
- 4/19/24 - Form ARS
- 4/19/24 - Form DEF
- WLFC's page on the SEC website