Willis Lease Finance reports second-quarter pre-tax income of US$11.0 million

Willis Lease Finance has reported second-quarter total revenues of US$78.1 million. For the three months ended June 30, 2022, aggregate lease rent and maintenance reserve revenues were US$60.9 million and spare parts and equipment sales were US$6.8 million. The company reported increased total revenues in the second-quarter when compared to the prior-year period, primarily due to an increase in lease rent revenue and short-term maintenance revenue.

The company generated US$11.0 million of pre-tax income in the second quarter of 2022 compared to $-(1.9) million in the comparable quarter of 2021. The book value of lease assets the company owns directly or through its joint ventures, inclusive of its notes receivable and investment in sales-type leases, was US$2,352.4 million at June 30, 2022.

As of June 30, 2022, the company also managed 351 engines, aircraft and related equipment on behalf of other parties. (£1.00 = US$1.21 at time of publication).

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