Stephen Jones Appointed to Willis Lease Finance Corporation Board
Willis Lease Finance Corporation (NASDAQ: WLFC), a prominent lessor of commercial aircraft engines and a global aviation services provider, is making waves with the appointment of Stephen Jones to its Board of Directors, effective January 1, 2025. This move comes as the company continues to enhance its leadership team amidst a period of significant growth.
Background of Stephen Jones
Bringing along with him a wealth of experience from a 40-year career in the airline and energy sectors, Mr. Jones has made notable contributions throughout his career. Initially, he focused on international oil and gas development, particularly in gas turbine cogeneration, before transitioning into the airline industry. In 2001, Mr. Jones joined Air New Zealand and quickly rose through the ranks, becoming the Vice President of Investor Relations. His efforts were instrumental during the company’s transformation post-September 11, which highlighted his ability to navigate challenging times.
Professional Achievements and Contributions
Mr. Jones not only managed Freedom Air but also played pivotal roles in the New Zealand domestic airline units. His tenure as Chief Network, Strategy, and Alliances Officer showcased his skills in building strategic alliances with major carriers like United Airlines and Air China. His innovative approach was further demonstrated during his time as Deputy CEO of Wizz Air, where he propelled the growth of one of Europe’s largest Ultra-Low-Cost Carriers. More recently, as CEO of Flair Airlines from 2020 to 2024, he successfully established the first true ULCC in Canada, leading to expansion across North America and beyond.
Welcoming Comments from WLFC Leadership
Charles F. Willis, Founder and Executive Chairman of WLFC, expressed enthusiasm about welcoming Stephen to the Board. “Stephen brings an extensive depth of airline experience. Having worked with some of the world’s best airlines, he possesses a strong communication and leadership profile that will significantly complement our Board’s existing composition.”
Stephen Jones’s Vision for the Future
On joining the Board, Mr. Jones remarked, “I am incredibly honored and excited to be joining WLFC at this time. The growth and market recognition that the WLFC team has achieved is commendable. I believe the upcoming period will be one of continued strong growth for the company, and I am eager to contribute to solidifying WLFC’s position as the leading lessor of jet engines globally.”
Changes to the Board
In a related development, Director Rae Ann McKeating has submitted her resignation from the Board, effective December 31, 2024. Mr. Willis expressed gratitude for Rae’s exceptional service, stating, “Rae’s insights and unwavering commitment have left an indelible mark on the Company; she will always be part of the Willis family.”
Overview of Willis Lease Finance Corporation's Operations
Willis Lease Finance Corporation stands out in the marketplace by leasing a variety of commercial aircraft engines and aircraft to customers worldwide, including airlines, engine manufacturers, and maintenance providers. Their diversified leasing activities are complemented by engine and aircraft trading, asset management, and various end-of-life solutions for jet engines and aviation materials through Willis Asset Management. Service offerings include Part 145 engine maintenance and extensive support at multiple levels of aircraft servicing and handling.
Frequently Asked Questions
What does Stephen Jones bring to WLFC?
Stephen Jones brings over 40 years of experience in the airline and energy industries, providing robust leadership and strategic insights.
Why is Rae Ann McKeating resigning from the Board?
Director Rae Ann McKeating’s resignation is accepted effective December 31, 2024. Her service was highly valued by the company.
What is WLFC’s primary business focus?
WLFC focuses on leasing commercial aircraft engines and providing a range of aviation services globally.
How does WLFC support its leasing operations?
WLFC integrates leasing with engine trading, asset management, and end-of-life solutions for jet engines through various subsidiaries.
What changes might occur at WLFC following this Board transition?
With Stephen Jones joining the Board, WLFC anticipates enhanced strategic direction and operational growth, further consolidating its market position.
