Willis Lease Finance reports almost $312 million revenue in 2022

Engine lessor Willis Lease Finance Corporation (WLFC) recorded revenue of $311.9 million and pre-tax income of $9.8 million in 2022. By year-end, aggregate lease rent and maintenance reserve revenues were $246 million and spare parts and equipment sales were $27 million, the company reported, with chief executive Austin C Willis saying the year was “the beginnings of a solid recovery”, post-Covid. WLFC said its lease rent revenue increased by $27.7 million, or 20.6%, to $162.6 million in 2022, a jump that reflected “an increase in the number of engines acquired and placed on lease”. The company’s maintenance reserve revenue was