What Happened
Engine Lessor Expects Midlife Engine Values To Hold Up
Willis Lease Finance (WLFC) believes that demand for midlife engines, such as the CFM56, will remain resilient even if high fuel prices lead to the retirement of some aircraft. The company’s CEO, Austin Willis, noted that airlines will turn to leasing to avoid expensive overhauls, and demand for spare engines remains strong due to extended maintenance timelines. WLFC’s quarterly results showed a 14% rise in lease rent revenue, and the company is well-positioned with over half its portfolio in new-generation engines. This article was first reported by Aviation Week.