Willis Lease Finance Corporation (WLFC) reported 2013 net income attributable to common shareholders of $15.6m. Fourth quarter net income attributable to common shareholders was $6.6m, fueled by 12.9% growth in lease rent revenue due to improved utilization and a larger lease portfolio, which contributed to 18.9% overall growth in total revenue. At December 31st, 2013, Willis Lease had 202 commercial aircraft engines, 5 aircraft parts packages and 4 aircraft and other engine-related equipment in its lease portfolio, with a net book value of $1.03bn, compared to 184 commercial aircraft engines, 4 aircraft parts packages and 7 aircraft and other engine-related equipment in its lease portfolio, with a net book value of $0.96bn, a year ago. The Company’s funded debt-to-equity is 3.70 to 1 at year end, compared to 3.60 to 1 at September 30th, 2013 and 3.50 to 1 a year ago.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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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