Willis Lease Finance Corporation reports third quarter results

Willis Lease Finance Corporation has reported third quarter total revenues of $70.6 million – a fall of 41.3% compared to $120.4 million in the same quarter of 2019. The engine lessor ended the quarter with a pre-tax profit of $6 million compared to $31.1 million in the same quarter of 2019 and was $24.3 million year-to-date 2020, compared to $80.7 million year-to-date 2019. For the third quarter of 2020, aggregate lease rent and maintenance reserve revenues were $62.3 million and spare parts sales were $2.9 million. “We are pleased to have produced $6.0 million of pre-tax profit in the third