Willis Lease Finance signs regional aircraft and engine deal with TAG Airlines

Willis Lease Finance has entered into lease agreements with Transportes Aéreos Guatemaltecos (TAG Airlines) for four ATR 72-500 aircraft. The five-year deal will see the aircraft overhauled and refurbished, fitted with new Pratt & Whitney Canada PW127M engines.

The ATR 72-500 aircraft is known to be one of the most efficient and environmentally friendly aircraft in the world. The aircraft can hold up to 74 passengers in a spacious two by two seating configuration. In addition to the aircraft leases, TAG will be included in Willis Lease’s ConstantThrustTM programme. Under the agreement, programme maintenance and care for the engines is overseen by Willis Lease, including providing spare engines when the need arises.

“This is the first time we have signed a regional airline to our ConstantThrustTM programme,” said Willis. “To date, we have provided ConstantThrustTM to our large-fan engine customers. With the signing of TAG, we are breaking new ground, improving the levels of service for regional carriers and providing them the same kind of superior service, dispatch reliability and support that major international air carriers enjoy.”

Aircraft deliveries are expected to begin in the first half of 2022.

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