Willis Lease Finance to Acquire 12 Aircraft and 13 Engines for $379.3M
WLFC sits 90% above its 52-week low of $114.01.
Summary
Willis Lease Finance is acquiring a portfolio of 12 commercial aircraft and 13 spare engines for $379.3 million, expanding its leasing fleet. The deal, signed July 10, includes a $10 million deposit and a $1.5 million holdback, with closing expected in Q3 2026. The company plans to allocate ten engines and six aircraft to joint ventures or managed vehicles, supporting its asset management strategy. This follows a contentious proxy battle and the recent approval of a 3-for-1 stock split, signaling aggressive growth. The acquisition is material relative to the company's $1.66 billion market cap and should enhance revenue and asset base.
At the time of this announcement, WLFC was trading at $216.98 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $114.01 to $244.62. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.