Willis Lease reports Q1 results

Willis Lease Finance Corporation ( WLFC), the independent jet engine lessor in the commercial finance sector, has reported first quarter 2014 net income was $4.3 million, or $0.53 per diluted share, compared to $1.6 million, or $0.19 per diluted share, in the first quarter of 2013, and $6.6 million, or $0.81 per diluted share, in the fourth quarter of 2013. “Our year is off to a good start, with first quarter profits more than double the earnings we generated in the first quarter a year ago,” said Charles F. Willis, Chairman and CEO. “All of our revenue categories exhibited sizable