Willis Lease Finance Corporation Exercises Options for 30 CFM LEAP Engines
Willis Lease Finance (NASDAQ: WLFC) has exercised purchase options for 30 new LEAP engines from CFM International, expanding its commercial aircraft engine leasing portfolio. The order includes LEAP-1A engines for Airbus A320neo family aircraft and LEAP-1B engines for Boeing 737 MAX aircraft, with delivery dates pending determination.
This purchase stems from a 2019 order option and strengthens WLFC's ability to provide flexible support to operators of these popular engine and aircraft types. The company's CEO, Austin C. Willis, emphasized that this investment reinforces their vision of connecting the world through sustainable flight by providing advanced and efficient solutions.
WLFC's business model integrates engine and aircraft trading, lease pools, and asset management services through various subsidiaries, including maintenance, repair, and overhaul services, as well as airport FBO and ground handling services.
Willis Lease Finance (NASDAQ: WLFC) ha esercitato opzioni di acquisto per 30 nuovi motori LEAP da CFM International, ampliando il proprio portafoglio di leasing di motori per aerei commerciali. L'ordine include motori LEAP-1A per aerei della famiglia Airbus A320neo e motori LEAP-1B per aerei Boeing 737 MAX, con date di consegna da determinare.
Questo acquisto deriva da un'opzione di ordine del 2019 e rafforza la capacità di WLFC di fornire supporto flessibile agli operatori di questi tipi di motori e aerei molto richiesti. Il CEO dell'azienda, Austin C. Willis, ha sottolineato che questo investimento rinforza la loro visione di connettere il mondo attraverso il volo sostenibile, offrendo soluzioni avanzate ed efficienti.
Il modello di business di WLFC integra il commercio di motori e aerei, pool di leasing e servizi di gestione degli asset attraverso varie filiali, compresi servizi di manutenzione, riparazione e revisione, nonché servizi FBO aeroportuali e di handling a terra.
Willis Lease Finance (NASDAQ: WLFC) ha ejercido opciones de compra para 30 nuevos motores LEAP de CFM International, ampliando su cartera de arrendamiento de motores para aeronaves comerciales. El pedido incluye motores LEAP-1A para aviones de la familia Airbus A320neo y motores LEAP-1B para aviones Boeing 737 MAX, con fechas de entrega aún por determinar.
Esta compra surge de una opción de pedido de 2019 y refuerza la capacidad de WLFC para proporcionar apoyo flexible a los operadores de estos populares tipos de motores y aeronaves. El CEO de la empresa, Austin C. Willis, enfatizó que esta inversión refuerza su visión de conectar el mundo a través de vuelos sostenibles, ofreciendo soluciones avanzadas y eficientes.
El modelo de negocio de WLFC integra el comercio de motores y aeronaves, grupos de arrendamiento y servicios de gestión de activos a través de diversas subsidiarias, incluidos servicios de mantenimiento, reparación y revisión, así como servicios FBO en aeropuertos y manejo terrestre.
윌리스 리스 파이낸스 (NASDAQ: WLFC)는 CFM 인터내셔널로부터 30개의 새로운 LEAP 엔진 구매 옵션을 행사하여 상업 항공기 엔진 임대 포트폴리오를 확장했습니다. 이 주문에는 에어버스 A320neo 패밀리 항공기를 위한 LEAP-1A 엔진과 보잉 737 MAX 항공기를 위한 LEAP-1B 엔진이 포함되며, 배송 날짜는 아직 결정되지 않았습니다.
이 구매는 2019년 주문 옵션에서 비롯되었으며, WLFC가 이러한 인기 있는 엔진 및 항공기 유형의 운영자에게 유연한 지원을 제공할 수 있는 능력을 강화합니다. 회사의 CEO인 오스틴 C. 윌리스는 이 투자가 지속 가능한 비행을 통해 세계를 연결하려는 그들의 비전을 강화한다고 강조했습니다.
WLFC의 비즈니스 모델은 엔진 및 항공기 거래, 임대 풀, 자산 관리 서비스를 다양한 자회사를 통해 통합하며, 유지보수, 수리 및 정비 서비스는 물론 공항 FBO 및 지상 처리 서비스도 포함됩니다.
Willis Lease Finance (NASDAQ: WLFC) a exercé des options d'achat pour 30 nouveaux moteurs LEAP de CFM International, élargissant ainsi son portefeuille de leasing de moteurs d'avions commerciaux. La commande comprend des moteurs LEAP-1A pour les avions de la famille Airbus A320neo et des moteurs LEAP-1B pour les avions Boeing 737 MAX, avec des dates de livraison encore à déterminer.
Ce achat découle d'une option de commande de 2019 et renforce la capacité de WLFC à fournir un soutien flexible aux opérateurs de ces types de moteurs et d'avions très prisés. Le PDG de l'entreprise, Austin C. Willis, a souligné que cet investissement renforce leur vision de connecter le monde grâce à un vol durable en offrant des solutions avancées et efficaces.
Le modèle commercial de WLFC intègre le commerce des moteurs et des avions, des pools de leasing et des services de gestion d'actifs à travers diverses filiales, y compris des services de maintenance, de réparation et de révision, ainsi que des services FBO et de manutention au sol dans les aéroports.
Willis Lease Finance (NASDAQ: WLFC) hat Kaufoptionen für 30 neue LEAP-Triebwerke von CFM International ausgeübt und damit sein Leasingportfolio für Triebwerke von Verkehrsflugzeugen erweitert. Die Bestellung umfasst LEAP-1A-Triebwerke für Airbus A320neo-Familienflugzeuge und LEAP-1B-Triebwerke für Boeing 737 MAX-Flugzeuge, wobei die Liefertermine noch festgelegt werden müssen.
Dieser Kauf stammt aus einer Bestelloption von 2019 und stärkt die Fähigkeit von WLFC, flexiblen Support für Betreiber dieser beliebten Triebwerks- und Flugzeugtypen bereitzustellen. Der CEO des Unternehmens, Austin C. Willis, betonte, dass diese Investition ihre Vision verstärkt, die Welt durch nachhaltiges Fliegen zu verbinden, indem sie fortschrittliche und effiziente Lösungen anbietet.
Das Geschäftsmodell von WLFC integriert den Handel mit Triebwerken und Flugzeugen, Leasingpools und Asset-Management-Dienste über verschiedene Tochtergesellschaften, einschließlich Wartungs-, Reparatur- und Überholungsdienste sowie Flughafen-FBO- und Bodenabfertigungsdienste.
- Strategic expansion of engine portfolio with 30 new LEAP engines
- Strengthens position in high-demand A320neo and 737 MAX markets
- Demonstrates financial capacity to execute significant purchase options
- Significant capital expenditure with undetermined delivery timeline
- Exposure to airline industry risks and market volatility
Insights
This strategic engine acquisition marks a pivotal expansion for Willis Lease Finance , significantly strengthening their position in the commercial aviation leasing market. The decision to exercise options for 30 LEAP engines is particularly well-timed, considering the aviation industry's increasing focus on fuel efficiency and environmental sustainability.
The LEAP engine family has established itself as the powerplant of choice for next-generation narrow-body aircraft, with the -1A variant powering the A320neo family and the -1B variant serving the Boeing 737 MAX. These engines offer 15-20% better fuel efficiency compared to their predecessors, making them highly attractive to airlines seeking to optimize operating costs and reduce emissions.
From a strategic perspective, this investment addresses several key market dynamics:
- The expansion aligns with the growing trend of airlines preferring leasing arrangements over direct ownership, providing flexibility in fleet management and capital allocation
- The focus on narrow-body aircraft engines is particularly astute, as this segment has shown the strongest recovery and growth potential in post-pandemic aviation
- The timing of the option exercise suggests WLFC is positioning itself to capitalize on the anticipated increase in aircraft deliveries and potential supply constraints in the engine market
For investors, this move demonstrates WLFC's strong market position and ability to execute on strategic growth opportunities. The investment in new-technology engines enhances the company's portfolio quality and potential for generating stable, long-term leasing revenue streams. Moreover, the decision to exercise these options, which were secured in 2019, likely comes with favorable pricing terms compared to current market rates, potentially providing a competitive advantage in lease pricing.
COCONUT CREEK, Fla., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), a leading lessor of commercial aircraft engines and provider of global aviation service operations, has announced that it has exercised existing purchase rights for 30 new LEAP engines from CFM International, the 50-50 joint company between GE Aerospace and Safran Aircraft Engines. The purchase, pursuant to an option in a 2019 order, will include LEAP-1A engines for Airbus A320neo family aircraft, as well as LEAP-1B engines for Boeing 737 MAX aircraft, with delivery dates to be determined. With the addition of these engines to the WLFC portfolio, the Company will be able to offer even more flexible support to operators of these popular engine and aircraft types.
“We are proud to announce our investment in 30 additional state-of-the-art LEAP engines, an important milestone that reinforces our vision to help our customers connect the world through sustainable flight by providing advanced and efficient solutions,” said Austin C. Willis, WLFC’s Chief Executive Officer.
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 health epidemics; 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: | Lynn Mailliard Kohler |
| Director, Global Corporate Communications | |
| lkohler@willislease.com | |
| 415.328.4798 |
FAQ
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