Willis Lease Finance Proposes $337.4M Fixed Rate Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
0mins
Should l Buy WLFC?
Source: Globenewswire
- Financing Plan: Willis Lease Finance's subsidiary WEST proposes to issue $337.4 million in Series A Fixed Rate Notes and $55.5 million in Series B Fixed Rate Notes to fund the acquisition of 47 aircraft engines and 2 airframes, thereby enhancing the stability of its asset portfolio.
- Asset Backing: The notes will be secured by WEST's direct and indirect interests in the aircraft engines and airframes, ensuring investor capital safety while providing the company with necessary liquidity to support its operations.
- Use of Proceeds: The net proceeds from the notes will be allocated to pay related fees, establish reserve accounts, and periodically pay WLFC for the acquired engines and airframes over a 270-day delivery period, aiming to optimize the company's financial structure and reduce financing costs.
- Compliance Statement: The notes are not registered under the Securities Act and are offered only to persons reasonably believed to be qualified institutional buyers, ensuring compliance with relevant laws and reducing legal risks while enhancing market confidence.
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Analyst Views on WLFC
About WLFC
Willis Lease Finance Corporation, along with its subsidiaries, is a lessor and servicer of commercial aircraft and aircraft engines. The Company operates through two segments: Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses. The Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components. The Spare Parts Sales segment also enables the Company to provide end-of-life solutions for surplus aircraft and engines, as well as manage the full lifecycle of its lease assets. Its subsidiaries include WEST Engine Funding LLC, Willis Aeronautical Services, Inc., and Willis Asset Management Limited.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Willis Lease Finance Completes First Engine Restoration
- Core Engine Restoration Success: Willis Lease Finance Corporation has successfully completed its first CFM56-7B core engine module restoration at its U.S.-based Willis Engine Repair Center, marking a significant milestone in the company's strategy to expand its internal technical and operational capabilities while validating the module shop concept.
- Outstanding Test Results: Post-maintenance testing of the inaugural module demonstrated strong exhaust gas temperature (EGT) margin recovery, reflecting the quality, precision, and effectiveness of the restoration process, thereby enhancing the company's competitive advantage in engine lifecycle management.
- Cost Reduction in Maintenance: By bringing core module restoration in-house, WLFC not only reduces maintenance expenses for itself and its customers but also enhances control, turnaround times, and overall competitive advantage, thereby boosting customer confidence in their services.
- Expansion of Service Platform: WLFC continues to expand its aviation services platform, providing comprehensive support across the engine lifecycle, including leasing, trading, MRO services, and asset management, ensuring reliability and cost efficiency for customers navigating fleet and engine asset transitions.
See More
Willis Lease Launches CFM56 Engine Lifespan Extension Program
- Industry-First Initiative: Willis Lease Finance Corporation has launched a groundbreaking lifespan extension program for CFM56-5B and CFM56-7B engines in collaboration with CFM International, allowing for longer service life by restoring core components instead of complete disassembly, thereby enhancing the company's competitive edge in the aviation leasing market.
- Cost Efficiency Improvement: The program enables Willis Lease to perform maintenance in its own shops as well as others, which is expected to provide customers with high-quality products at reasonable prices, thus increasing customer satisfaction and market share.
- OEM Material Support: Under this agreement, Willis Lease will benefit from OEM materials to service its CFM56 engines, extending the reliability and time on wing of these engines, further solidifying the company's leadership position in the aviation services sector.
- Asset Expansion Plan: Willis Lease has identified and inducted an initial group of engines for participation and plans to gradually expand the range of assets involved over time to meet the growing market demand and enhance overall operational efficiency.
See More
Willis Lease Finance Signs Engine Lease Agreement with Nauru Airlines
- Lease Agreement Details: Willis Lease Finance Corporation has entered into a purchase and leaseback agreement with Nauru Airlines for seven CFM56-7B engines, ensuring reliable ConstantThrust® support for the airline's Boeing 737-700 and 737-800 fleets over the next six years, enhancing operational efficiency.
- Operational Assurance: The ConstantThrust® program will provide seamless engine exchanges for Nauru Airlines, ensuring continuous availability during major maintenance intervals, thereby reducing downtime and improving flight punctuality.
- Global Service Capability: This agreement highlights Willis Lease's global expertise in technical management and maintenance services, catering to Nauru Airlines' operational needs in a remote environment, further solidifying its leadership in air transportation across the Central and South Pacific region.
- Strategic Partnership Outlook: The Minister for Nauru Airlines noted that partnering with a global lessor like WLFC will provide operational leverage, and the flexible terms of the agreement will support future aircraft deliveries, facilitating Nauru Airlines' continued growth.
See More
Willis Lease Finance (WLFC) Declares $0.40 Quarterly Dividend with 0.87% Yield
- Quarterly Dividend Declaration: Willis Lease Finance has declared a quarterly dividend of $0.40 per share, consistent with previous distributions, indicating the company's stable cash flow and commitment to shareholder returns.
- Yield Information: The forward yield of 0.87% reflects the company's attractiveness in the current market environment, potentially drawing in more income-focused investors.
- Shareholder Timeline: The dividend is payable on February 20, with a record date of February 11 and an ex-dividend date also on February 11, ensuring shareholders receive timely returns.
- Shift to Asset-Light Model: Willis Lease Finance is transitioning to an asset-light model, which is expected to drive share prices higher and enhance the company's competitive position in the market.
See More
Willis Lease Finance Announces $0.40 Dividend Per Share, Reflecting Business Strength
- Quarterly Dividend Announcement: Willis Lease Finance Corporation has declared a $0.40 per share dividend, expected to be paid on February 20, 2026, reflecting the company's stability and profitability in the aviation leasing market.
- Commitment to Shareholder Returns: CEO Austin C. Willis emphasized that this dividend underscores the company's ongoing commitment to delivering long-term value to shareholders, aiming to boost investor confidence and attract further investment.
- Integrated Business Advantages: Willis Lease not only provides leasing services for commercial aircraft engines but also integrates engine and aircraft trading, asset management, and various end-of-life solutions, enhancing overall business competitiveness.
- Market Outlook: Despite facing multiple risks and uncertainties in the airline industry, the company remains committed to maintaining growth through flexible responses to market changes, ensuring continued shareholder returns.
See More
Willis Lease Partners with Blackstone to Deploy Over $1 Billion in Engine Leasing
- Strategic Partnership: Willis Lease Finance Corporation has formed a strategic partnership with Blackstone Credit & Insurance, planning to invest over $1 billion in current and next-generation aircraft engines over the next two years, significantly enhancing the scale and diversification of its asset management business.
- Market Leadership: As a leading lessor of commercial aircraft engines, WLFC is further solidifying its market leadership position through its technical expertise and customer relationships, which is expected to attract more high-quality clients.
- Capital Diversification: The investment from Blackstone not only provides capital diversification for the Willis platform but also accelerates the growth of its asset management business, enhancing its competitiveness in the aviation industry.
- Global Impact: This partnership will enable Willis Lease to better meet the global aviation market's demand for engine solutions, driving continued expansion and innovation in its aviation services sector.
See More
Willis Lease Finance Completes First Engine Restoration
- Core Engine Restoration Success: Willis Lease Finance Corporation has successfully completed its first CFM56-7B core engine module restoration at its U.S.-based Willis Engine Repair Center, marking a significant milestone in the company's strategy to expand its internal technical and operational capabilities while validating the module shop concept.
- Outstanding Test Results: Post-maintenance testing of the inaugural module demonstrated strong exhaust gas temperature (EGT) margin recovery, reflecting the quality, precision, and effectiveness of the restoration process, thereby enhancing the company's competitive advantage in engine lifecycle management.
- Cost Reduction in Maintenance: By bringing core module restoration in-house, WLFC not only reduces maintenance expenses for itself and its customers but also enhances control, turnaround times, and overall competitive advantage, thereby boosting customer confidence in their services.
- Expansion of Service Platform: WLFC continues to expand its aviation services platform, providing comprehensive support across the engine lifecycle, including leasing, trading, MRO services, and asset management, ensuring reliability and cost efficiency for customers navigating fleet and engine asset transitions.
See More
Willis Lease Launches CFM56 Engine Lifespan Extension Program
- Industry-First Initiative: Willis Lease Finance Corporation has launched a groundbreaking lifespan extension program for CFM56-5B and CFM56-7B engines in collaboration with CFM International, allowing for longer service life by restoring core components instead of complete disassembly, thereby enhancing the company's competitive edge in the aviation leasing market.
- Cost Efficiency Improvement: The program enables Willis Lease to perform maintenance in its own shops as well as others, which is expected to provide customers with high-quality products at reasonable prices, thus increasing customer satisfaction and market share.
- OEM Material Support: Under this agreement, Willis Lease will benefit from OEM materials to service its CFM56 engines, extending the reliability and time on wing of these engines, further solidifying the company's leadership position in the aviation services sector.
- Asset Expansion Plan: Willis Lease has identified and inducted an initial group of engines for participation and plans to gradually expand the range of assets involved over time to meet the growing market demand and enhance overall operational efficiency.
See More
Willis Lease Finance Signs Engine Lease Agreement with Nauru Airlines
- Lease Agreement Details: Willis Lease Finance Corporation has entered into a purchase and leaseback agreement with Nauru Airlines for seven CFM56-7B engines, ensuring reliable ConstantThrust® support for the airline's Boeing 737-700 and 737-800 fleets over the next six years, enhancing operational efficiency.
- Operational Assurance: The ConstantThrust® program will provide seamless engine exchanges for Nauru Airlines, ensuring continuous availability during major maintenance intervals, thereby reducing downtime and improving flight punctuality.
- Global Service Capability: This agreement highlights Willis Lease's global expertise in technical management and maintenance services, catering to Nauru Airlines' operational needs in a remote environment, further solidifying its leadership in air transportation across the Central and South Pacific region.
- Strategic Partnership Outlook: The Minister for Nauru Airlines noted that partnering with a global lessor like WLFC will provide operational leverage, and the flexible terms of the agreement will support future aircraft deliveries, facilitating Nauru Airlines' continued growth.
See More
Willis Lease Finance (WLFC) Declares $0.40 Quarterly Dividend with 0.87% Yield
- Quarterly Dividend Declaration: Willis Lease Finance has declared a quarterly dividend of $0.40 per share, consistent with previous distributions, indicating the company's stable cash flow and commitment to shareholder returns.
- Yield Information: The forward yield of 0.87% reflects the company's attractiveness in the current market environment, potentially drawing in more income-focused investors.
- Shareholder Timeline: The dividend is payable on February 20, with a record date of February 11 and an ex-dividend date also on February 11, ensuring shareholders receive timely returns.
- Shift to Asset-Light Model: Willis Lease Finance is transitioning to an asset-light model, which is expected to drive share prices higher and enhance the company's competitive position in the market.
See More
Willis Lease Finance Announces $0.40 Dividend Per Share, Reflecting Business Strength
- Quarterly Dividend Announcement: Willis Lease Finance Corporation has declared a $0.40 per share dividend, expected to be paid on February 20, 2026, reflecting the company's stability and profitability in the aviation leasing market.
- Commitment to Shareholder Returns: CEO Austin C. Willis emphasized that this dividend underscores the company's ongoing commitment to delivering long-term value to shareholders, aiming to boost investor confidence and attract further investment.
- Integrated Business Advantages: Willis Lease not only provides leasing services for commercial aircraft engines but also integrates engine and aircraft trading, asset management, and various end-of-life solutions, enhancing overall business competitiveness.
- Market Outlook: Despite facing multiple risks and uncertainties in the airline industry, the company remains committed to maintaining growth through flexible responses to market changes, ensuring continued shareholder returns.
See More
Willis Lease Partners with Blackstone to Deploy Over $1 Billion in Engine Leasing
- Strategic Partnership: Willis Lease Finance Corporation has formed a strategic partnership with Blackstone Credit & Insurance, planning to invest over $1 billion in current and next-generation aircraft engines over the next two years, significantly enhancing the scale and diversification of its asset management business.
- Market Leadership: As a leading lessor of commercial aircraft engines, WLFC is further solidifying its market leadership position through its technical expertise and customer relationships, which is expected to attract more high-quality clients.
- Capital Diversification: The investment from Blackstone not only provides capital diversification for the Willis platform but also accelerates the growth of its asset management business, enhancing its competitiveness in the aviation industry.
- Global Impact: This partnership will enable Willis Lease to better meet the global aviation market's demand for engine solutions, driving continued expansion and innovation in its aviation services sector.
See More
