Overview
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- TickerWLFC on Nasdaq2
- IndustryWholesale-Machinery, Equipment & Supplies2
- HeadquartersCoconut Creek, United States2
- Incorporated inDE4
- Business address4700 Lyons Technology Parkway, Coconut Creek, Fl 330734
- Filer categoryAccelerated filer4
- Legal formCorporation2
- LEI54930023EP1OE5MKWF892
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O NATIONAL REGISTERED AGENTS, INC., 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 28705402
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Willis Lease Finance Corporation with its subsidiaries (“WLFC” or the “Company”) is a leading lessor and servicer of commercial aircraft and aircraft engines. Our principal business objective is to build value for our shareholders by acquiring commercial aircraft and engines and managing those assets in order to provide a return on investment, primarily through lease rent and maintenance reserve revenues, as well as through management fees earned for managing assets owned by third parties. As of December 31, 2025, we had $2,801.7 million of equipment held in our operating lease portfolio, $139.9 million of notes receivable, $30.6 million of maintenance rights, and $16.6 million of investments in sales-type leases, which represented 363 engines, 20 aircraft, one marine vessel and other leased parts and equipment with 69 lessees in 37 countries. In addition to our owned portfolio, as of De…6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
14.3%Operating margin7
15.6%Net margin7
28.3%Revenue growth, 20257
17.2%Return on equity7
4.08×Debt to equity7
$252.2MFree cash flow7
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Spare Parts And Equipment Sales brought in 69% of the revenue WILLIS LEASE FINANCE CORP broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Spare Parts And Equipment Sales | $27.1M | $95.5M |
| Maintenance Services | $24.2M | $25.5M |
| Managed Services And Other Revenue | $9.1M | $17.2M |
Business segments
Leasing And Related Operations brought in 92% of the revenue WILLIS LEASE FINANCE CORP broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Leasing And Related Operations | $543.1M | $692.7M |
| Spare Parts Sales | $47.2M | $57.9M |
Regions
United States brought in 28% of the revenue WILLIS LEASE FINANCE CORP broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $153.0M | $205.9M |
| Europe | $134.5M | $183.7M |
| India | $92.5M | $137.8M |
| Asia Pacific | $106.8M | $110.9M |
| CA [member] | $42.1M | $41.7M |
| South America | $36.2M | $37.2M |
| Central America | $3.1M | $7.7M |
| Africa | $48.0K | $4.6M |
| Middle East | $937.0K | $851.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs60¢$437.6M
- Interest18¢$132.1M
- Income tax6¢$46.8M
- Profit16¢$113.8M
Out of $730.2M in revenue.7
Where each dollar of operating cash went, fiscal 2025
- Capital spending11¢$31.1M
- Dividends paid3¢$8.7M
- Share buybacks1¢$3.8M
- Kept or used elsewhere85¢$239.6M
Out of $283.2M of cash from operations.7
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest revenue | $14.1M | $11.7M |
| Gain on sale of leased equipment | $54.0M | $45.1M |
| Gain on sale of financial assets | $378.0K | $0 |
| Total revenue | $730.2M | $569.2M |
| Depreciation and amortization expense | $111.6M | $92.5M |
| Cost of spare parts and equipment sales | $92.3M | $22.9M |
| Cost of maintenance services | $27.9M | $24.5M |
| Write-down of equipment | $32.9M | $11.2M |
| General and administrative | $194.7M | $146.8M |
| Technical expense | $31.4M | $22.3M |
| Interest expense | $132.1M | $104.8M |
| Loss on debt extinguishment | $3.1M | $0 |
| Total net finance costs | $135.1M | $104.8M |
| Total expenses | $625.9M | $424.8M |
| Income from operations | $104.3M | $144.4M |
| Gain on sale of business | $43.0M | $0 |
| Income from joint ventures | $13.4M | $8.2M |
| Income before income taxes | $160.6M | $152.6M |
| Income tax expense | $46.8M | $44.0M |
| Net income | $113.8M | $108.6M |
| Preferred stock dividends | $5.4M | $4.1M |
| Accretion of preferred stock issuance costs | $279.0K | $108.0K |
| Net income attributable to common shareholders | $108.1M | $104.4M |
| Net income attributable to common shareholders | $108.1M | $104.4M |
| Basic weighted average earnings per common share (in dollars per share) | $16.00 | $15.97 |
| Diluted weighted average earnings per common share (in dollars per share) | $15.39 | $15.34 |
| Basic weighted average common shares outstanding (in shares) | 6.8M shares | 6.5M shares |
| Diluted weighted average common shares outstanding (in shares) | 7.0M shares | 6.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $16.4M | $9.1M | |
| Restricted cash | $530.5M | $123.4M | |
| Equipment held for operating lease, less accumulated depreciation of $640,495 and $613,118 at December 31, 2025 and 2024, respectively | $2.8B | $2.6B | |
| Maintenance rights | $30.6M | $31.1M | |
| Equipment held for sale | $20.5M | $12.3M | |
| Receivables, net of allowances of $868 and $1,316 at December 31, 2025 and 2024, respectively | $35.7M | $38.3M | |
| Spare parts inventory | $56.6M | $72.2M | |
| Investments | $104.2M | $62.7M | |
| Intangible assets, net | $271.0K | $2.9M | |
| Investments in sales-type leases, net of allowances of $17 and $22 at December 31, 2025 and 2024, respectively | $16.6M | $21.6M | |
| Total assets | $3.9B | $3.3B | |
| Accounts payable and accrued expenses | $105.7M | $76.0M | |
| Deferred income taxes | $228.5M | $185.0M | |
| Debt obligations | $2.7B | $2.3B | |
| Maintenance reserves | $116.2M | $97.8M | |
| Security deposits | $24.7M | $23.4M | |
| Unearned revenue | $35.4M | $37.9M | |
| Total liabilities | $3.2B | $2.7B | |
| Redeemable preferred stock ($0.01 par value, 5,000 shares authorized; 3,250 shares issued at December 31, 2025 and 2024, respectively) | $63.4M | $63.1M | |
| Common stock ($0.01 par value, 20,000 shares authorized; 7,620 and 7,173 shares issued at December 31, 2025 and 2024, respectively) | $76.0K | $72.0K | |
| Paid-in capital in excess of par | $72.7M | $50.9M | |
| Retained earnings | $590.8M | $491.4M | |
| Accumulated other comprehensive (loss) income, net of income tax (benefit) expense of $(395) and $1,981 at December 31, 2025 and 2024, respectively | -$1.4M | $6.9M | |
| Total shareholders equity | $662.1M | $549.3M | $439.0M |
| Total liabilities, redeemable preferred stock and shareholders equity | $3.9B | $3.3B | |
| Accumulated depreciation for equipment held for operating lease | $640.5M | $613.1M | |
| Receivables, allowances | $868.0K | $1.3M | |
| Notes receivable, allowance | $140.0K | $247.0K | |
| Investments in sales-type leases, allowance | $17.0K | $22.0K | |
| Redeemable preferred stock - par value (in dollars per share) | $0.01 | $0.01 | |
| Redeemable preferred stock - shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Redeemable preferred stock - shares issued (in shares) | 3.2M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 20.0M shares | 20.0M shares | |
| Common stock, shares issued (in shares) | 7.6M shares | 7.2M shares | |
| Accumulated other comprehensive income, income tax expense | -$395.0K | $2.0M | |
| Notes receivable, net of allowances of $140 and $247 at December 31, 2025 and 2024, respectively | $139.9M | $183.6M | |
| Other assets | $109.4M | $56.0M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $16.4M | $9.1M | |
| Restricted cash | $530.5M | $123.4M | |
| Equipment held for operating lease, less accumulated depreciation of $640,495 and $613,118 at December 31, 2025 and 2024, respectively | $2.8B | $2.6B | |
| Maintenance rights | $30.6M | $31.1M | |
| Equipment held for sale | $20.5M | $12.3M | |
| Receivables, net of allowances of $868 and $1,316 at December 31, 2025 and 2024, respectively | $35.7M | $38.3M | |
| Spare parts inventory | $56.6M | $72.2M | |
| Investments | $104.2M | $62.7M | |
| Intangible assets, net | $271.0K | $2.9M | |
| Investments in sales-type leases, net of allowances of $17 and $22 at December 31, 2025 and 2024, respectively | $16.6M | $21.6M | |
| Total assets | $3.9B | $3.3B | |
| Accounts payable and accrued expenses | $105.7M | $76.0M | |
| Deferred income taxes | $228.5M | $185.0M | |
| Debt obligations | $2.7B | $2.3B | |
| Maintenance reserves | $116.2M | $97.8M | |
| Security deposits | $24.7M | $23.4M | |
| Unearned revenue | $35.4M | $37.9M | |
| Total liabilities | $3.2B | $2.7B | |
| Redeemable preferred stock ($0.01 par value, 5,000 shares authorized; 3,250 shares issued at December 31, 2025 and 2024, respectively) | $63.4M | $63.1M | |
| Common stock ($0.01 par value, 20,000 shares authorized; 7,620 and 7,173 shares issued at December 31, 2025 and 2024, respectively) | $76.0K | $72.0K | |
| Paid-in capital in excess of par | $72.7M | $50.9M | |
| Retained earnings | $590.8M | $491.4M | |
| Accumulated other comprehensive (loss) income, net of income tax (benefit) expense of $(395) and $1,981 at December 31, 2025 and 2024, respectively | -$1.4M | $6.9M | |
| Total shareholders equity | $662.1M | $549.3M | $439.0M |
| Total liabilities, redeemable preferred stock and shareholders equity | $3.9B | $3.3B | |
| Accumulated depreciation for equipment held for operating lease | $640.5M | $613.1M | |
| Receivables, allowances | $868.0K | $1.3M | |
| Notes receivable, allowance | $140.0K | $247.0K | |
| Investments in sales-type leases, allowance | $17.0K | $22.0K | |
| Redeemable preferred stock - par value (in dollars per share) | $0.01 | $0.01 | |
| Redeemable preferred stock - shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Redeemable preferred stock - shares issued (in shares) | 3.2M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 20.0M shares | 20.0M shares | |
| Common stock, shares issued (in shares) | 7.6M shares | 7.2M shares | |
| Accumulated other comprehensive income, income tax expense | -$395.0K | $2.0M | |
| Notes receivable, net of allowances of $140 and $247 at December 31, 2025 and 2024, respectively | $139.9M | $183.6M | |
| Other assets | $109.4M | $56.0M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $113.8M | $108.6M |
| Depreciation and amortization expense | $111.6M | $92.5M |
| Gain on sale of leased equipment | -$54.0M | -$45.1M |
| Stock-based compensation expense | $44.6M | $29.2M |
| Gain on sale of business | -$43.0M | $0 |
| Write-down of equipment | $32.9M | $11.2M |
| Income from joint ventures | -$13.4M | -$8.2M |
| Accretion of deferred costs and note discounts | $10.8M | $10.3M |
| Payments received on sales-type leases | $6.2M | $30.5M |
| Loss on debt extinguishment | $3.1M | $0 |
| Loss on derivative instruments | $3.0M | $0 |
| Amortization of contract-based intangible asset | $1.5M | $2.7M |
| Allowances and provisions | -$544.0K | -$716.0K |
| Gain on sale of financial assets | -$378.0K | $0 |
| Loss on disposal of property, equipment and furnishings | $45.0K | $0 |
| Gain on insurance proceeds | $0 | -$73.0K |
| Deferred income taxes | $45.9M | $38.6M |
| Receivables | $1.5M | $21.1M |
| Inventory | $13.3M | -$31.2M |
| Other assets | -$27.6M | $676.0K |
| Distributions received from joint ventures | $3.8M | $3.0M |
| Accounts payable and accrued expenses | $8.5M | $20.7M |
| Maintenance reserves | $26.1M | $5.6M |
| Security deposits | $602.0K | -$366.0K |
| Unearned revenue | -$5.0M | -$4.7M |
| Net cash provided by operating activities | $283.2M | $284.4M |
| Purchase of equipment held for operating lease and for sale | -$524.6M | -$830.5M |
| Proceeds from sale of equipment (net of selling expenses) | $269.7M | $171.2M |
| Purchase of property, equipment and furnishings | -$31.1M | -$15.6M |
| Proceeds from sale of business | $21.9M | $0 |
| Payments received on notes receivable | $16.9M | $10.6M |
| Contributions to joint ventures | -$9.2M | $0 |
| Issuance of notes receivable | $0 | -$101.8M |
| Insurance proceeds received on property, equipment and furnishings | $0 | $1.2M |
| Net cash used in investing activities | -$256.4M | -$764.9M |
| Proceeds from issuance of debt obligations | $1.7B | $1.3B |
| Principal payments on debt obligations | -$1.2B | -$840.0M |
| Cancellation of restricted stock units in satisfaction of withholding tax | -$19.3M | -$8.2M |
| Debt issuance costs | -$14.6M | -$11.6M |
| Common stock cash dividends paid | -$8.7M | -$10.7M |
| Preferred stock dividends | -$5.7M | -$3.5M |
| Repurchase of common stock | -$3.8M | $0 |
| Proceeds from shares issued under stock compensation plans | $250.0K | $262.0K |
| Proceeds from issuance of preferred stock | $0 | $13.1M |
| Net cash provided by financing activities | $387.6M | $445.0M |
| Increase (decrease) in cash, cash equivalents and restricted cash | $414.4M | -$35.5M |
| Interest | $131.8M | $100.7M |
| Income Taxes | $3.4M | $7.1M |
| Transfers from Equipment held for operating lease to Equipment held for sale | $41.5M | $25.9M |
| Transfers from Notes receivable to Equipment held for operating lease | $24.5M | $0 |
| Contributions to joint ventures | $22.5M | $0 |
| Proceeds from sale of business | $22.5M | $0 |
| Non-cash additions to Equipment held for operating lease | $8.1M | $8.9M |
| Transfers from Spare parts inventory to Equipment held for sale | $4.0M | $0 |
| Transfers from Equipment held for sale to Equipment held for operating lease | $1.4M | $0 |
| Transfers from Equipment held for operating lease to Spare parts inventory | $1.7M | $4.5M |
| Transfers from Notes receivable to Equipment held for sale | $1.4M | $0 |
| Transfers from Equipment held for operating lease to Investments in sales-type leases | $821.0K | $43.4M |
| Accretion of preferred stock issuance costs | $279.0K | $108.0K |
| Transfers from Spare parts inventory to Equipment held for operating lease | $0 | $4.5M |
| Non-cash additions to equipment held for operating leases for associated total gain | $8.1M | $7.7M |
| Non-cash additions to equipment held for operating leases for purchase in accrued expenses | $1.2M |
No quarter-by-quarter statement was filed.
Corporate structure
WILLIS LEASE FINANCE CORP sits at the top of its group. 32 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of WILLIS LEASE FINANCE CORP
- Charles F. Willis Iv. Filed SCHEDULE 13D/A on WILLIS LEASE FINANCE CORP, latest Apr 3, 2026 (13 filings since Apr 5, 2022)
- M3 PARTNERS LP Filed SCHEDULE 13G/A on WILLIS LEASE FINANCE CORP, latest Feb 4, 2026 (6 filings since Feb 14, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on WILLIS LEASE FINANCE CORP, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on WILLIS LEASE FINANCE CORP, latest Feb 13, 2023 (2 filings since Feb 11, 2022)
- WILLIS LEASE FINANCE CORP Coconut Creek, Florida, United States
- Coconut Creek Aviation Assets LLC Subsidiary · Delaware, United States
- Facility Engine Acquisition LLC Subsidiary · Delaware, United States
- WEST Engine Acquisition LLC Subsidiary · Delaware, United States
- WEST Engine Funding LLC Subsidiary · Delaware, United States
- WEST III France Subsidiary · France
- WEST IV France Subsidiary · France
- WEST V France Subsidiary · France
- WEST VI Assets Corporation Subsidiary · Delaware, United States
- Willis Aeronautical Services (UK) Limited Subsidiary · United Kingdom
- Willis Aeronautical Services, Inc. Subsidiary · Delaware, United States
- Willis Asset Finance Fund I GP LP Subsidiary · Delaware, United States
- Willis Asset Finance Fund I UGP LLC Subsidiary · Delaware, United States
- Willis Asset Finance Management LLC Subsidiary · Delaware, United States
- Willis Asset Leasing Fund I GP LP Subsidiary · Delaware, United States
- Willis Asset Leasing Fund I UGP LLC Subsidiary · Delaware, United States
- Willis Aviation Finance LLC Subsidiary · Delaware, United States
- Willis Aviation Services Limited Subsidiary · United Kingdom
- Willis Engine Repair Centre (UK) Limited Subsidiary · United Kingdom
- Willis Engine Structured Trust III Subsidiary · Delaware, United States
- Willis Engine Structured Trust IV Subsidiary · Delaware, United States
- Willis Engine Structured Trust IX Subsidiary · Delaware, United States
- Willis Engine Structured Trust V Subsidiary · Delaware, United States
- Willis Engine Structured Trust VI Subsidiary · Delaware, United States
- Willis Engine Structured Trust VII Subsidiary · Delaware, United States
- Willis Engine Structured Trust VIII Subsidiary · Delaware, United States
- and 6 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What WILLIS LEASE FINANCE CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $25.4M7 Dec 31, 2025 | $6.6M7 Dec 31, 2024 | +286.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $16.4M7 Dec 31, 2025 | $9.1M7 Dec 31, 2024 | +80.5% |
| Stakes in other companies (equity method) | $104.2M7 Dec 31, 2025 | $62.7M7 Dec 31, 2024 | +66.3% |
Intangibles and goodwill
Properties, in its own words
Aircraft, aircraft engines, and spare parts inventories are the primary physical assets of the Company. Our principal offices are located in Coconut Creek, Florida where we own approximately 60,000 square feet of office and warehouse space. We also own approximately 130,000 square feet of office and warehouse space in Bridgend, Wales, UK. We lease approximately 145,000 square feet of hangar and office space and approximately 50 acres of land in Darlington, UK. We lease approximately 45,000 square feet of warehouse space in Pompano Beach, Florida and approximately 25,000 square feet of warehouse space in Sunrise, Florida. We sub-lease approximately 1,000 square feet of office and warehouse space for our operations in San Diego, California. We lease 4,166 square feet of office space in Dublin, Ireland and 1,348 square feet of office space in London, UK. We also lease facilities for sales and operations in Larkspur, California; Singapore; Blagnac, France; and Gandhinagar, India.
The Company’s Leasing and Related Operations segment conducts business in all of the properties above except for Pompano Beach. The Spare Parts segment primarily conducts business in the Pompano Beach facility.
Item 2 of the 10-K filed Mar 10, 2026.6
Leadership
Who has led WILLIS LEASE FINANCE CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerAustin Chandler Willis Jun 30, 2022 to now15
- Chief executive officerCharles F. Willis Iv. Feb 7, 2006 to Nov 14, 202216
- ChairCharles F. Willis Iv. Jun 30, 2022 to now17
- PresidentAustin Chandler Willis Aug 5, 2026 to now18
- PresidentBrian Richard Hole Apr 1, 2016 to Aug 5, 202619
- PresidentBradley Stewart Forsyth Aug 2, 2013 to Aug 2, 201320
- PresidentDonald A. Nunemaker Aug 24, 2011 to Apr 1, 201621
- PresidentCharles F. Willis Iv. Feb 7, 2006 to Jul 18, 201116
- Chief financial officerErnest J. Furtado Mar 18, 2016 to Mar 18, 201622
- Chief financial officerScott B. Flaherty Jun 8, 2016 to now23
- Chief financial officerBradley Stewart Forsyth Jan 9, 2007 to Feb 4, 201624
- Chief financial officerRobert M. Warwick Feb 7, 2006 to Feb 13, 200725
- Chief operating officerDonald A. Nunemaker Dec 17, 2010 to Dec 17, 201026
- Chief operating officerJesse Van Crews Jul 31, 2009 to Jun 1, 201127
- Chief operating officerLee G. Beaumont Feb 13, 2007 to Oct 6, 200828
Board members and other officers (23)
- SVP, GC & Corporate SecretaryClifton Dameron May 27, 2025 to now29
- SVP, Corporate DevelopmentAustin Chandler Willis Mar 2, 2016 to Jun 8, 202230
- SVP, Technical ServicesAnthony R. Spaulding Apr 1, 2016 to Apr 17, 201731
- SVP, Gen. Counsel, SecretaryDean Michael Poulakidas Oct 2, 2014 to now32
- SVP, SFOBradley Stewart Forsyth Apr 6, 2011 to Apr 6, 201133
- EVP, Gen. Manager LeasingDonald A. Nunemaker Feb 13, 2007 to Jun 10, 201134
- SVP, Secretary, Gen. CounselThomas C. Nord Feb 13, 2007 to Feb 6, 201335
- Sr. VP Technical ServicesJudith M. Webber Feb 10, 2006 to Feb 4, 201536
- Sr. V.P. Sales & MarketingThomas E. Macaleavey Apr 7, 2006 to Apr 26, 200737
- EVP, Strategy & Business Dev.Lee G. Beaumont Jul 20, 2006 to Jul 20, 200638
- Board memberBrendan Curran Jan 8, 2024 to now39
- Board memberColm Barrington Jul 15, 2024 to now40
- Board memberRae Ann McKeating Oct 8, 2020 to Jan 2, 202541
- Board memberRobert J. Keady Mar 3, 2015 to Jul 26, 202342
- Board memberAustin Chandler Willis Jan 8, 2009 to now43
- Board memberW. William Coon Jr. Aug 1, 2007 to Oct 2, 201444
- Board memberCharles F. Willis Iv. Feb 7, 2006 to Nov 14, 202216
- Board memberGlenn L. Hickerson Feb 7, 2006 to Apr 21, 200645
- Board memberWilliam M. Leroy Mar 8, 2006 to Jun 8, 200646
- Board memberGerard Laviec May 31, 2006 to Apr 12, 201347
- Board memberHans Jorg Hunziker Jun 12, 2006 to Dec 8, 202348
- General counselDean Michael Poulakidas Apr 11, 2013 to Apr 11, 201649
- General counselThomas C. Nord Feb 7, 2006 to Feb 4, 201350
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Coconut Creek Aviation Assets LLC Delaware5
- Facility Engine Acquisition LLC Delaware5
- WEST Engine Acquisition LLC Delaware5
- WEST Engine Funding LLC Delaware5
- WEST III France France5
- WEST IV France France5
- WEST V France France5
- WEST VI Assets Corporation Delaware5
- Willis Aeronautical Services (UK) Limited United Kingdom5
- Willis Aeronautical Services, Inc. Delaware5
- Willis Asset Finance Fund I GP LP Delaware5
- Willis Asset Finance Fund I UGP LLC Delaware5
- Willis Asset Finance Management LLC Delaware5
- Willis Asset Leasing Fund I GP LP Delaware5
- Willis Asset Leasing Fund I UGP LLC Delaware5
- Willis Aviation Finance LLC Delaware5
- Willis Aviation Services Limited United Kingdom5
- Willis Engine Repair Centre (UK) Limited United Kingdom5
- Willis Engine Structured Trust III Delaware5
- Willis Engine Structured Trust IV Delaware5
- Willis Engine Structured Trust IX Delaware5
- Willis Engine Structured Trust V Delaware5
- Willis Engine Structured Trust VI Delaware5
- Willis Engine Structured Trust VII Delaware5
All 31 listed subsidiaries
- Willis Engine Structured Trust VIII Delaware5
- Willis Lease Finance India IFSC Private Limited India5
- Willis Lease France France5
- Willis Lease Marine LLC Cayman Islands5
- Willis Lease Singapore Pte. Ltd. Singapore5
- Willis Sustainable Fuels (UK) Limited United Kingdom5
- Willis Warehouse Facility LLC Delaware5
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 30, 20268-K Bylaws or fiscal year changed51
- Sep 22, 20268-K Unregistered sale of shares52
- Sep 8, 20268-K Regulation FD disclosure53
- Aug 25, 20268-K Completed an acquisition or sale; Regulation FD disclosure54
- Aug 6, 20268-K Entered a material agreement55
- Aug 4, 20268-K Results of operations56
- Jul 30, 20268-K Other events57
- Jul 21, 20268-K Regulation FD disclosure58
- Jul 17, 20268-K Bylaws or fiscal year changed59
- Jul 14, 20268-K Entered a material agreement; Regulation FD disclosure60
- Jul 10, 20268-K Other events61
- Jun 23, 20268-K Shareholder vote; Other events62
- Jun 30, 2022New chief executive Austin Chandler Willis becomes CEO15
- Feb 7, 2006New chief executive Charles F. Willis Iv. becomes CEO16
- Mar 12, 1998Founded WILLIS LEASE FINANCE CORP is founded2
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.08 a share, on Nov 4, 2025.63
When it reported results
- Aug 4, 2026Reported quarterly or annual results56
- May 5, 2026Reported quarterly or annual results64
- Mar 10, 2026Reported quarterly or annual results65
- Nov 4, 2025Reported quarterly or annual results66
- Aug 5, 2025Reported quarterly or annual results67
- May 6, 2025Reported quarterly or annual results68
- Mar 10, 2025Reported quarterly or annual results69
- Nov 5, 2024Reported quarterly or annual results70
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
622 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 99 major events, 274 insider forms, 24 large holders, 203 other. The latest 20:
- Oct 2, 20264 EDGAR
- Sep 30, 20268-K EDGAR
- Sep 22, 20268-K EDGAR
- Sep 15, 20264 EDGAR
- Sep 14, 2026144 EDGAR
- Sep 8, 20268-K EDGAR
- Sep 3, 20264 EDGAR
- Sep 2, 20264 EDGAR
- Sep 1, 2026144 EDGAR
- Aug 27, 20264 EDGAR
- Aug 25, 20268-K EDGAR
- Aug 24, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 2026144 EDGAR
- Aug 6, 20268-K EDGAR
- Aug 5, 20264 EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Aug 3, 20264 EDGAR
The 622 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
286 open-market trades by officers, directors and large owners since October 2021: 1 buys and 285 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Flaherty Scott B.EVP, CFO | Sale | 8,326 | $53.56 | $445.9K | Form 4 |
| Sep 14, 2026 | Flaherty Scott B.EVP, CFO | Sale | 18,695 | $54.57 | $1.0M | Form 4 |
| Sep 11, 2026 | Flaherty Scott B.EVP, CFO | Sale | 2,979 | $56.18 | $167.4K | Form 4 |
| Sep 1, 2026 | Willis Austin ChandlerPresident and CEO | Sale | 15,000 | $53.90 | $808.5K | Form 4 |
| Aug 31, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 400 | $52.95 | $21.2K | Form 4 |
| Aug 26, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 15,600 | $55.11 | $859.7K | Form 4 |
| Aug 25, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 11,400 | $54.52 | $621.5K | Form 4 |
| Aug 24, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 16,700 | $55.11 | $920.4K | Form 4 |
| Aug 21, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 13,500 | $54.47 | $735.3K | Form 4 |
| Aug 20, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 16,300 | $53.98 | $880.0K | Form 4 |
| Aug 19, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 19,300 | $55.87 | $1.1M | Form 4 |
| Aug 18, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 27,500 | $57.49 | $1.6M | Form 4 |
| Aug 17, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 31,400 | $57.93 | $1.8M | Form 4 |
| Aug 14, 2026 | Dameron CliftonSVP, GC & Corporate Secretary | Sale | 3,535 | $56.83 | $200.9K | Form 4 |
| Aug 3, 2026 | Willis Austin ChandlerPresident and CEO | Sale | 15,000 | $73.34 | $1.1M | Form 4 |
| Jul 31, 2026 | Flaherty Scott B.EVP, CFO | Buy | 148 | $29.07 | $4.3K | Form 4 |
| Jul 1, 2026 | Willis Austin ChandlerPresident and CEO | Sale | 5,184 | $224.07 | $1.2M | Form 4 |
| May 1, 2026 | Willis Austin ChandlerPresident and CEO | Sale | 3,400 | $192.77 | $655.4K | Form 4 |
| Apr 1, 2026 | Willis Austin ChandlerPresident and CEO | Sale | 3,400 | $173.55 | $590.1K | Form 4 |
| Mar 31, 2026 | WILLIS CHARLES F IVExecutive Chairman | Sale | 3,282 | $167.83 | $550.8K | Form 4 |
All 286 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Charles F. Willis Iv.SCHEDULE 13D/A, 13 filings Apr 5, 2022 to Apr 3, 202671
- M3 PARTNERS LPSCHEDULE 13G/A, 6 filings Feb 14, 2022 to Feb 4, 202672
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 202473
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202374
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Charles F. WillisIV | 77 | $1.2M | $52.1M75 |
| 2025 | Austin C. Willis | 45 | $850.7K | $19.2M75 |
| 2025 | Brian R. Hole | $664.6K | $12.3M75 | |
| 2025 | Scott B. Flaherty | 60 | $607.3K | $9.9M75 |
| 2024 | Executive Chairman | $1.2M | $14.2M75 | |
| 2024 | Chief Executive Officer | $825.4K | $7.2M75 | |
| 2024 | President | $663.7K | $6.6M75 | |
| 2024 | Chief Financial Officer | $565.7K | $3.4M75 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How WILLIS LEASE FINANCE CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWILLIS LEASE FINANCE CORP1
- CIK0001018164
- Employer ID (EIN)68-00706561
- Filer statusAccelerated filer1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)5080 Wholesale-Machinery, Equipment & Supplies1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address4700 Lyons Technology Parkway, Coconut Creek, FL 330731
- Phone56134999891
- Shares outstanding21,144,111 as of Jul 31, 202614
- Public float$576.9M as of Jun 30, 20257
- On EDGAR sinceNov 1, 19961
- Filings2,389 in all: 4 (1,385), 8-K (312), 144 (154), 10-Q (90), SC 13G/A (83), 4/A (42), SC 13D/A (36), DEF 14A (30)1
All 47 form types
10-K (29), UPLOAD (23), 3 (22), SC 13G (22), CORRESP (20), 10-K/A (12), 144/A (12), 5 (12), ARS (12), S-8 (12), CT ORDER (10), 10-Q/A (9), 8-K/A (7), 424B5 (5), DEFA14A (5), FWP (5), PX14A6G (4), 3/A (3), PRE 14A (3), S-1/A (3), SCHEDULE 13D/A (3), SCHEDULE 13G/A (3), NT 10-Q (2), S-1 (2), SC 13D (2), SC TO-I/A (2), 10-K405 (1), 10-K405/A (1), 25-NSE (1), 305B2 (1), 424A (1), 424B4 (1), 5/A (1), 8-A12B (1), 8-A12G (1), EFFECT (1), S-3 (1), SC TO-C (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Mar 10, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Apr 24, 2026
Latest 8-K (8-K) Sep 30, 2026
Risk factors and legal proceedings
The risks WILLIS LEASE FINANCE CORP names in Item 1A of its 10-K filed Mar 10, 2026: 44 risks under these headings, as written.6
- RISKS RELATING TO OUR BUSINESS
- Risks Related to Our Operations
- We are affected by the risks faced by commercial aircraft operators and MROs because they are our customers.
- Our operating results vary and comparisons to results for preceding periods may not be meaningful.
- We and our customers operate in a highly regulated industry and changes in laws or regulations may adversely affect our ability to lease or sell our engines or aircraft.
- Licenses and consents
- Civil aviation regulation
- Environmental regulation
- Scrutiny of the airline industry and its potential negative impacts on the environment may result in decreased demand for air travel, which may in turn cause lessees to default on their lease payment obligations to us which would negatively affect our financial condition, cash flow and results of operations.
- We are subject to governmental regulation and our failure to comply with these regulations could cause the government to withdraw or revoke our authorizations and approvals to do business and could subject us to penalties and sanctions that could harm our business.
- Failure to comply with anti-corruption laws, trade controls, economic sanctions and similar laws and regulations could subject us to penalties and other adverse consequences.
- Our aircraft, engines or parts could cause bodily injury or property damage, exposing us to liability claims.
The other 37 risks
- Our financial reporting for lease revenue may be adversely impacted by any future change to lease accounting, as well as any future change to current tax laws or accounting principles pertaining to operating or other lease financing.
- We may not be adequately covered by insurance.
- Natural disasters, public health emergencies, and other business disruptions could cause significant harm to our customer base, which may materially adversely affect our business, results of operations, and financial condition.
- Cyberattacks or other information security breaches could adversely affect our business, operating results and financial condition.
- Risks Related to Our Aviation Assets
- The value and lease rates of our engines and aircraft could decline.
- Upon termination of a lease, we may be unable to enter into new leases or sell the affected aviation equipment on acceptable terms.
- Although leases of engines account for most of our revenue, leases of aircraft expose us to greater risks than leases of engines and these risks could materially impact our financial condition and results of operations.
- We carry the risk of maintenance for our leased assets. Our maintenance reserves may be inadequate or lessees may default on their obligations to perform maintenance, which could increase our expenses.
- Failures by lessees to meet their maintenance and recordkeeping obligations under our leases could adversely affect the value of our leased engines and aircraft and our ability to re-lease the engines and aircraft in a timely manner following termination of the leases.
- The advent of superior engine and aircraft technology and higher production levels could cause our existing portfolio of aviation equipment to become outdated and therefore less desirable.
- Our customers face intense competition and some carriers are in troubled financial condition.
- We may not be able to repossess an engine or aircraft when the lessee defaults, and even if we are able to repossess the engine or aircraft, we may have to expend significant funds in the repossession, remarketing and leasing of the asset.
- Risks Related to Our Orders of New Engines
- Risks Related to Our Capital Structure
- Our level of indebtedness and significant debt service obligations could adversely affect our financial condition or our ability to fulfill our obligations, including the notes, and make it more difficult for us to fund our operations.
- Our future growth and profitability will depend on our ability to acquire aviation equipment and make other strategic investments. As a result, our inability to obtain sufficient capital to finance these acquisitions would constrain our ability to grow our portfolio and to increase our revenues.
- Our financing facilities impose restrictions on our operations.
- We are exposed to interest rate risk on our leases, which could have a negative impact on our margins.
- An increase in interest rates or in our borrowing margin would increase the cost of servicing our debt and could reduce our profitability.
- We have risks in managing our portfolio of engines to meet customer needs.
- Our inability to maintain sufficient liquidity could limit our operational flexibility and also impact our ability to make payments on our obligations as they come due.
- Inflation may adversely affect us by increasing costs beyond what we can recover through price increases.
- Risks Related to The Common Stock Trading Price
- The Company’s common stock trading price may be affected by numerous factors that may impose a financial risk on the Company’s stockholders.
- Risks Related to Our Foreign Operations
- A substantial portion of our lease revenue comes from foreign customers, subjecting us to divergent regulatory requirements.
- Substantially all of our leases require payments in U.S. dollars but many of our customers operate in other currencies; if foreign currencies devalue against the U.S. dollar, our lessees may be unable to make their payments to us.
- We operate globally and are affected by our customers’ local and regional economic and other risks.
- We may not be able to enforce our rights as a creditor if a lessee files for bankruptcy outside of the U.S.
- Liens on our engines or aircraft could exceed the value of such assets, which could negatively affect our ability to repossess, lease or sell a particular engine or aircraft.
- In certain countries, an engine affixed to an aircraft may become an accession to the aircraft and we may not be able to exercise our ownership rights over the engine.
- Changes to trade policy, tariff, sanction and import/export regulations may have a material adverse effect on our business, financial condition and results of operations.
- Risks Related to Our Competition and Corporate Structure
- Intense competition in our industry, particularly with major companies with substantially greater financial, personnel, marketing and other resources, could cause our revenues and business to suffer.
- Substantially all of our assets are pledged to our creditors.
- We experience risks related to customer concentration.
- We may be unable to manage the expansion of our operations.
- We are effectively controlled by one principal stockholder who has the power to contest the outcome of most matters submitted to the stockholders for approval and to affect our stock prices adversely if he were to sell substantial amounts of his common stock.
- Our business might suffer if we were to lose the services of certain key employees.
- We are the servicer and administrative agent for the WEST III, WEST V, WEST VI, WEST VII, WEST VIII, and WEST IX facilities and the servicer agent for WWFL, and our cash flows would be materially and adversely affected if we were removed from these positions.
- Provisions in Delaware law and our charter and bylaws might prevent or delay a change of control.
- Risks Related to Our Investment Fund Partnerships
- Valuations for the investment fund partnerships are inherently uncertain and are not an indicator for actual realizations.
Legal proceedings
In the normal course of its business, the Company becomes involved in various litigation matters. In the opinion of the Company’s management, while the outcome of these matters is uncertain, the likely results of these matters are not expected, either individually or in the aggregate, to have a material adverse effect on the Company’s financial position, results of operations or cash flows. However, management has used estimates in determining the Company’s potential exposure to these matters and has recorded reserves in its financial statements related thereto where appropriate. It is possible that a change in the Company’s estimates of that exposure could occur, but the Company does not expect such changes in estimated costs would have a material adverse effect on the Company’s business, consolidated financial position, results of operations, cash flows and prospect.
The opening of Item 3, Legal Proceedings.6
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3Yahoo FinanceWLFC quote
- 4
- 5
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- 8
- 9
- 10
- 11
- 12
- 13
- 14
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- 16
- 17SEC EDGARCharles F. Willis Iv., Chair
- 18SEC EDGARAustin Chandler Willis, President
- 19SEC EDGARBrian Richard Hole, President
- 20SEC EDGARBradley Stewart Forsyth, President
- 21SEC EDGARDonald A. Nunemaker, President
- 22
- 23
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- 33SEC EDGARBradley Stewart Forsyth, SVP, SFO
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- 39SEC EDGARBrendan Curran, Board member
- 40SEC EDGARColm Barrington, Board member
- 41SEC EDGARRae Ann McKeating, Board member
- 42SEC EDGARRobert J. Keady, Board member
- 43SEC EDGARAustin Chandler Willis, Board member
- 44SEC EDGARW. William Coon Jr., Board member
- 45SEC EDGARGlenn L. Hickerson, Board member
- 46SEC EDGARWilliam M. Leroy, Board member
- 47SEC EDGARGerard Laviec, Board member
- 48SEC EDGARHans Jorg Hunziker, Board member
- 49
- 50SEC EDGARThomas C. Nord, General counsel
- 51SEC EDGARBylaws or fiscal year changed
- 52SEC EDGARUnregistered sale of shares
- 53SEC EDGARRegulation FD disclosure
- 54
- 55SEC EDGAREntered a material agreement
- 56SEC EDGARResults of operations
- 57SEC EDGAROther events
- 58SEC EDGARRegulation FD disclosure
- 59SEC EDGARBylaws or fiscal year changed
- 60
- 61SEC EDGAROther events
- 62SEC EDGARShareholder vote; Other events
- 63NasdaqNasdaq calendar
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