Willis Lease Finance Corporation on May 4 reported first quarter 2023 revenues of $89.5 million and pre-tax earnings of $6.8 million. Aggregate lease rent and maintenance reserve revenues were $76.7 million and spare parts and equipment sales were $5.1 million. Lease rent revenue increased by $15.1 million, year-on-year (y/y), or 39.6%, to $53.2 million – mainly “due to an increase in the number of engines acquired and placed on lease”. Maintenance reserve revenue was $23.5 million in the first quarter of 2023, an increase of 58.4%. “Another strong quarter for the company and a dramatic comparison to the comparable period

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