Willis Lease Finance Corporation has reported a net income of $3.1 million in the third quarter of 2010, compared to $9.3 million in the third quarter a year ago. After payment of preferred dividends, net income available to common shareholders was $2.3 million or $0.25 per diluted common share in the third quarter of 2010, compared to $1.1 million or $0.12 per diluted share in the second quarter of 2010 and $8.5 million or $0.93 per diluted share in the third quarter a year ago. For the first nine months of 2010, net income available to common shareholders totalled $5.7

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