Date: Fri, 19 Dec 1997 17:01:38 GMT Server: Apache/1.0.0 Content-type: text/html Willis Lease Finance Corporation: Corporate Overview

Company Overview

Willis Lease Finance Corporation ("WLFC") is a leading provider of operating leases for spare commercial aircraft engines worldwide. The Company's core business is acquiring and leasing commercial aircraft spare engines and other aircraft equipment to domestic and international airlines, manufacturers and overhaul/repair facilities pursuant to operating leases. WLFC, through its wholly-owned subsidiary Willis Aeronautical Services, Inc. ("WASI"), also acquires larger pieces of aviation equipment such as whole engines or aircraft, which can be dismantled and sold as parts at a greater profit. In addition, WLFC engages in the selective purchase and sale of commercial engines and engine components in the aftermarket. Integration of these three activities places WLFC in a unique position of being able to satisfy a wide range of customer needs.

Willis Lease Finance Corporation serves a diversified base of customers worldwide. The Company focuses on popular commercial jet aircraft engines, particularly noise-compliant Stage III engines, which are used on the Boeing 747, 757, 767, 737-300/400/500, McDonnell-Douglas MD-80 Series, DC 10-30, MD-11 and Airbus A-300 and A-320.

Concentrating on this market, Willis Lease Finance Corporation services a niche sometimes ignored by the major commercial aircraft lessors. This focus takes advantage of the backgrounds and expertise of the members of the executive team, who have extensive experience in the airline engine industry.

Willis Lease Finance Corporation conducts business in over 60 countries. In addition to domestic and international air carriers, its customer base also consists of engine manufacturers, overhaul/repair facilities, governments and financial institutions. The Company has been instrumental in the sales, leasing, financing, and/or purchase of $350 million worth of commercial transport type engines and aircraft.

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Last updated on Tuesday, November 18, 1997.