COCONUT CREEK, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) — Willis Lease Finance Company (NASDAQ: WLFC) (WLFC or the Firm), the main industrial plane engine lessor and supplier of world aviation companies operations, is happy to announce that it has entered right into a transaction with Pratt & Whitney for the acquisition of 9 new PW1133G-JM plane engines, with all purchases to have takes place by December 31, 2024. Pratt & Whitney’s GTF engines ship as much as 20% better gas effectivity than plane powered by earlier technology engines, are licensed to function on 50% aviation gas sturdy (SAF) and have been efficiently examined on 100% SAF. . The transaction, valued at roughly $200 million based mostly on Pratt & Whitney’s 2024 listing costs, is one other vital step towards offering airways with probably the most fashionable and in-demand engines for the long run. Pratt & Whitney is an RTX Firm (NYSE: RTX).
We’re excited to deepen our partnership with Pratt & Whitney as we proceed to put money into superior, fuel-efficient engines that ship environmental advantages. This collaboration aligns completely with our development technique and can assist our prospects preserve their A320 plane flying for the foreseeable future,” mentioned Austin C. Willis, Chairman and CEO of WLFC.
For extra details about Willis Lease Finance Company, go to www.wlfc.international.
Willis Lease Finance Company
Willis Lease Finance Company (WLFC) leases giant and regional industrial plane engines, auxiliary energy models and plane to airways, plane engine producers and upkeep, restore and repair suppliers. revision from all around the world. These leasing actions are built-in with engine and plane buying and selling, engine leasing swimming pools and asset administration companies by Willis Asset Administration Restricted, in addition to varied end-of-life options for engines and plane. plane tools offered by Willis Aeronautical Companies, Inc. By way of Willis Engine Restore Heart ®, Jet Heart by Willis and Willis Aviation Companies Restricted, the corporate’s service choices embrace Half 145 engine upkeep, plane line and base, plane dismantling, parking and storage, airport FBO and floor and cargo dealing with companies.
Apart from historic info, the issues mentioned on this press launch include forward-looking statements that contain dangers and uncertainties. Don’t place undue reliance on forward-looking statements, which solely give expectations concerning the future and are usually not ensures. Ahead-looking statements converse solely as of the date they’re made, and we undertake no obligation to replace them to replicate any change within the Firm’s expectations or any change in occasions, situations or circumstances upon which the forward-looking assertion is predicated besides as required by legislation. Our precise outcomes could differ materially from the outcomes mentioned within the forward-looking statements. Elements that would trigger such a distinction embrace, however are usually not restricted to: the consequences on the airline trade and international economic system of occasions equivalent to conflict, terrorist actions and the COVID-19 pandemic; modifications in oil costs, elevated inflation and different disruptions in international markets; developments within the airline trade and our means to capitalize on these developments, together with market development charges and different financial elements; dangers related to proudly owning and leasing jet engines and plane; our means to efficiently negotiate purchases, gross sales and leases of apparatus, gather quantities owed and management prices and bills; modifications in rates of interest and availability of capital, each to us and to our prospects; our means to proceed to fulfill altering buyer calls for; regulatory modifications affecting flight operations, plane upkeep, accounting requirements and taxes; the market worth of engines and different belongings in our portfolio; and the dangers detailed within the Firm’s Annual Report on Kind 10-Okay and different ongoing and present stories filed with the Securities and Trade Fee. Nonetheless, you’re suggested to seek the advice of any extra info that the Firm makes on associated issues in these paperwork. These statements represent the Firm’s cautionary statements below the Non-public Securities Litigation Reform Act of 1995.
CONTACT:
Lynn Maillard Kohler
Company Communications Supervisor
lkohler@willislease.com
415.328.4798
Supply: Willis Lease Finance Corp.
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