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Company Description (as filed with the SEC)
Willis Lease Finance Corporation with its subsidiaries is a leading lessor of commercial aircraft engines. Our principal business objective is to build value for our shareholders by acquiring commercial aircraft engines and managing those engines in order to provide a return on investment, primarily through lease rent and maintenance reserve revenues, as well as through management fees earned for managing aircraft engines owned by other parties. As of December 31, 2013, we had a total lease portfolio consisting of 202 engines and related equipment, 4 aircraft and 5 spare parts packages with 82 lessees in 41 countries and an aggregate net book value of $1,033.0 million. As of December 31, 2013, we managed a total lease portfolio of 43 engines and related equipment for other parties. We also seek, from time to time, to act as a leasing agent of engines for other parties. In 2013, we launched a new, wholly-owned subsidiary, Willis Aeronautical Services, Inc. ... More ...