COCONUT CREEK, Fla., Feb 7 (Bernama-GLOBE NEWSWIRE) — Willis Lease Finance Corporation (Nasdaq: WLFC) announced today that it has entered into an agreement with Scandinavian Airline System (“SAS”) to manage the phase-out of SAS’s Boeing 737NG installed engine fleet over the next four years.
“The Willis orchestrated phase-out may allow for SAS to realize superior returns from the monetization of its assets over time relative to an outright sale today,” said Austin C. Willis, Senior Vice President of Corporate Development. “Willis Lease is uniquely positioned to manage such a program due to its industry leading lease remarketing and part out capabilities, Part 145 repair stations, power plant engineering capabilities and its successful history of profitably managing third party assets.”
