November 26, 2014
Willis Lease and China Aviation Supplies Corporation open their Engine Leasing JV
Willis Lease Finance Corporation (WLFC), the independent jet engine lessor in the commercial finance sector, and China Aviation Supplies Import & Export Corporation (“CASC”), China’s leader in aviation supplies trade, distribution and logistics, hosted a grand opening ceremony on November 7th to celebrate the launch of their new engine leasing joint venture, CASC Willis Engine Lease Company (CASC Willis) in Shanghai, China. CASC Willis Engine Lease Company (“CASC Willis”) is a 50/50 joint venture between Willis Lease and CASC. The new company is dedicated to supplying Chinese airlines with the best engine support solutions and creating an engine resource sharing platform. CASC Willis is based in Shanghai and is positioned to meet the fast growing demand for leased commercial aircraft engines and aviation assets in the People’s Republic of China.