Willis Lease to Manage Phase-Out of Scandinavian Airline Systems’ 737NG Installed Engine Fleet
2020年2月7日 - 3:41AM
Willis Lease Finance Corporation (Nasdaq: WLFC) announced today
that it has entered into an agreement with Scandinavian Airline
System (“SAS”) to manage the phase-out of SAS’s Boeing 737NG
installed engine fleet over the next four years.
“The Willis orchestrated phase-out may allow for
SAS to realize superior returns from the monetization of its assets
over time relative to an outright sale today,” said Austin C.
Willis, Senior Vice President of Corporate Development. “Willis
Lease is uniquely positioned to manage such a program due to its
industry leading lease remarketing and part out capabilities, Part
145 repair stations, power plant engineering capabilities and its
successful history of profitably managing third party assets.”
Willis Lease Finance
Willis Lease Finance Corporation leases large
and regional spare commercial aircraft engines, auxiliary power
units and aircraft to airlines, aircraft engine manufacturers and
maintenance, repair and overhaul providers in 120 countries. These
leasing activities are integrated with engine and aircraft trading,
engine lease pools and asset management services supported by
cutting edge technology through its subsidiary Willis Asset
Management, as well as various end-of-life solutions for aircraft,
engines and aviation materials provided through its subsidiary,
Willis Aeronautical Services, Inc.
Except for historical information, the matters
discussed in this press release contain forward-looking statements
that involve risks and uncertainties. Do not unduly rely on
forward-looking statements, which give only expectations about the
future and are not guarantees. Forward-looking statements
speak only as of the date they are made, and we undertake no
obligation to update them. Our actual results may differ
materially from the results discussed in forward-looking
statements. Factors that might cause such a difference
include, but are not limited to: the effects on the airline
industry and the global economy of events such as terrorist
activity, changes in oil prices and other disruptions to the world
markets; trends in the airline industry and our ability to
capitalize on those trends, including growth rates of markets and
other economic factors; risks associated with owning and leasing
jet engines and aircraft; our ability to successfully negotiate
equipment purchases, sales and leases, to collect outstanding
amounts due and to control costs and expenses; changes in interest
rates and availability of capital, both to us and our customers;
our ability to continue to meet the changing customer demands;
regulatory changes affecting airline operations, aircraft
maintenance, accounting standards and taxes; the market value of
engines and other assets in our portfolio; and risks detailed in
the Company’s Annual Report on Form 10-K and other continuing
reports filed with the Securities and Exchange Commission.
CONTACT: Scott B. Flaherty
Chief Financial Officer
(415) 408-4700
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