Willis Lease Finance Corporation (NASDAQ: WLFC) shares jumped Thursday. The company, the leading lessor of commercial aircraft engines and global provider of aviation services, today announced that it has closed the acquisition of three Airbus A330-300 aircraft that will be leased to China Airlines and EVA Air.
“Demand for assets and aftermarket services remains exceptionally strong as operators navigate fleet growth, delivery delays, and ongoing maintenance capacity constraints,” said CEO Austin C. Willis.
“We believe the current market environment presents a compelling opportunity to deploy capital into high-quality assets. This purchase represents another important step in the continued expansion of our portfolio and commitment to supporting our customers around the world.”
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines 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 Mitsui & Co. 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.
WLFC shares charged ahead $4.36, or 2%, to $220.63.
