Willis Lease Finance Corporation, the aircraft leasing specialist, has officially announced its 2018 financial report, showing an improved stability from 2017.
During 2018, the company reported a pre-tax profit of $56.3 million, showing a significant rise from 2017, when the pre-tax profit was only $36 million. The year was marked by a new record in revenue, reaching $348.3 million and demonstrating growth of 26.7%. The lease portfolio of the company was 24.6% utilized and reached $1.673 billion at the end of the year. Total utilization was 89%, maintaining the same level as in 2017.
Charles F. Willis, Chairman and Chief Executive Officer, commented on the results by stating that the company has reached impressive results during the year. The company’s partners and customers around the world show trust and reliability in the business.
Brian R. Hole, President of Willis Lease Finance, shared that the market will soon see innovative financing options announced by the company. Overall, the company is confident about its success in 2019 and is looking forward to maintaining its stability on the market.