Record-Breaking Revenue and Growth
2024 was the strongest year for Willis Lease Finance Corporation as a publicly traded company, with total revenues of $569.2 million and pre-tax income of $152.6 million, representing a 127% increase in earnings before tax compared to the prior year.
Strong Performance of Core Leasing Business
The core leasing business achieved a total portfolio size of $2.87 billion by year-end 2024, with core lease rent revenues of $238.2 million and interest revenues of $11.7 million.
Successful Capital Deployment
In 2024, WLFC acquired nearly $1 billion in engines and aircraft, with 35% being current technology assets and 65% future technology assets.
Innovative Financing and Capital Structure
The company completed its third JOLCO financing, the industry's first-ever engine warehouse financing for $500 million, and expanded its credit facility to a new five-year $1 billion revolving credit facility.
Dividend Payments and Shareholder Returns
WLFC paid a third consecutive quarterly dividend of $0.25 per share in February 2025, along with a one-time special dividend of $1 per share in the second quarter of 2024.
New Constant Thrust Deal
Signed a new constant thrust deal for more than 20 CFM56-7B engines, providing significant savings for the customer and deploying a meaningful amount of capital.