Willis Lease Finance Corporation has closed its first transaction utilizing its new revolving credit lease engine financing product (RCL). Scandinavian Airlines System (SAS) has selected the RCL to finance CFM LEAP and Trent XWB engines, which power SAS’s A320neo and Airbus A350 aircraft, respectively. Willis Lease created the RCL to address what it calls a lack of financing options for new technology engines, despite the pricing of certain engine types approaching the pricing of a whole aircraft. The RCL marries certain attributes of a revolving loan with those of a traditional operating lease into one lease product with payment cash

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