Willis Lease Finance Corporation Signs Definitive Agreement to Acquire Commercial Aircraft and Aircraft Engine Portfolio
Sentiment Analysis
Willis Lease Finance Corporation (NASDAQ: WLFC) (the “Company” or “WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced that it has signed a definitive agreement to acquire 12 commercial aircraft and 13 aircraft engines.
The acquisition complements WLFC’s broader asset management, technical, and aftermarket capabilities, strengthening the Company’s ability to support customers worldwide throughout the aviation asset lifecycle.
“This transaction provides an opportunity to grow our portfolio as well as customer base,” said Austin C. Willis, Chief Executive Officer of WLFC. “It also strengthens our aircraft leasing business, where we can create additional value through engine-based programs such as ConstantThrust ® .”
The transaction is subject to customary closing conditions. Milbank LLP served as legal counsel to WLFC, and PricewaterhouseCoopers LLP provided accounting, tax and financial due diligence services to WLFC in connection with the transaction. The seller was advised by Vedder as legal counsel and by KPMG Ireland as tax and accounting advisors in connection with the transaction.
Source: GlobeNewsWire
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