Willis Lease Finance Corporation Closes on Third JOLCO Deal
COCONUT CREEK, Fla., April 30, 2024 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ:WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today the closing of its third engine-backed Japanese operating lease with call option (“JOLCO”), a US$21 Million financing with a 5.0% interest loan maturing in March of 2033 on a CFM LEAP-1B28 engine. WLFC closed its first JOLCO engine transaction in August of 2023.