Willis Lease Finance Expands Engine Fleet with New LEAP Engines
Willis Lease Finance Corporation Expands Its Offering
Willis Lease Finance Corporation (NASDAQ: WLFC), known for its significant role in the commercial aviation sector, has taken a substantial step to enhance its fleet by exercising purchase rights for 30 additional LEAP engines from CFM International. This strategic move comes as the airline industry is finding ways to modernize and increase sustainability in operations.
About the LEAP Engines
The LEAP engines, engineered specifically for next-generation aircraft, are designed to deliver superior performance and efficiency. WLFC's acquisition includes LEAP-1A engines, which are compatible with the Airbus A320neo family, and LEAP-1B engines, tailored for Boeing 737 MAX aircraft. The addition of these cutting-edge engines will allow WLFC to bolster its support to airlines and lessors, facilitating a more flexible and responsive service.
A Message from Leadership
Commenting on this acquisition, Austin C. Willis, the Chief Executive Officer of WLFC, expressed pride in the company’s commitment to investing in advanced technologies. “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,” he stated. This reflects WLFC's ongoing commitment to innovation and customer satisfaction in a rapidly evolving industry.
Comprehensive Service Offerings
Willis Lease Finance Corporation not only leases engines but also offers an extensive range of aviation services globally. From leasing large and regional spare commercial aircraft engines and auxiliary power units to facilitating aircraft trading and asset management, WLFC has established a robust network that supports its clients comprehensively. Their services extend through various subsidiaries, ensuring that they have every aspect of aviation covered, including maintenance, repair, and overhaul services.
Looking Toward the Future
This recent investment in new technology underlines WLFC's goal to stay ahead in an industry characterized by ever-evolving demands. With the global emphasis on sustainable practices and efficiency in aviation, the addition of LEAP engines represents a crucial advancement in WLFC's commitment to serving the aviation market effectively. As operators of these engines seek reduced environmental impact and increased efficiency, WLFC is positioned to meet these needs and drive forward the future of aviation.
Company Contact Information
For further inquiries, Lynn Mailliard Kohler, Director of Global Corporate Communications, is available at lkohler@willislease.com or through phone at 415.328.4798.
Frequently Asked Questions
What recent announcement did Willis Lease Finance Corporation make?
Willis Lease Finance Corporation announced the exercise of options for 30 new LEAP engines to enhance its service offerings in commercial aviation.
Which engines are included in the recent acquisition?
The acquisition includes LEAP-1A engines for the Airbus A320neo family and LEAP-1B engines for Boeing 737 MAX aircraft.
What is the significance of LEAP engines for WLFC?
LEAP engines provide operational efficiency and sustainability, allowing WLFC to support airlines with modern, environmentally friendly technology.
Who is the CEO of Willis Lease Finance Corporation?
Austin C. Willis is the Chief Executive Officer of Willis Lease Finance Corporation, emphasizing sustainable growth in his statements.
How can one contact WLFC for more information?
Inquiries can be directed to Lynn Mailliard Kohler at lkohler@willislease.com or by calling 415.328.4798.
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