Willis Lease Finance, the premier independent jet engine lessor in the commercial finance sector, reported second quarter 2014 net income was $2.2m, compared to $9.7m in the second quarter of 2013, and $4.3m in the first quarter of 2014. Earnings for the second quarter of 2013 were positively impacted by a one-time $8.6m tax benefit related to a reduction in the company’s deferred tax liability and higher than normal earnings from joint ventures due to the recording of $3.4m of maintenance reserve revenue related to the termination of aircraft leases within the WOLF joint venture.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada