Willis Lease Finance Corporation Boosts Fleet with 30 New CFM LEAP Engines

Willis Lease Finance Corporation (WLFC), a leading global aviation services provider, has announced its decision to exercise options for 30 new CFM LEAP engines. This strategic move aligns with the company's core investment values, particularly its focus on risk management and opportunistic investments. By securing these engines, WLFC aims to enhance its fleet offerings, cater to growing market demands, and support its customers' sustainability goals.

The acquisition of 30 LEAP engines, including both LEAP-1A and LEAP-1B variants, will enable WLFC to offer more flexible support to operators of Airbus A320neo and Boeing 737 MAX aircraft. This expansion aligns with the growing demand for fuel-efficient and environmentally sustainable aircraft engines, as airlines continue to modernize their fleets and adopt next-generation aircraft. The LEAP engine family, developed by CFM International, offers 15-20% better fuel efficiency compared to its predecessors, making it an attractive option for airlines seeking to optimize operating costs and reduce emissions.



The decision to exercise options for these engines is particularly well-timed, as the aviation industry is expected to experience a significant increase in aircraft deliveries and potential supply constraints in the engine market. By securing these engines now, WLFC can position itself to capitalize on this potential opportunity and offer favorable leasing terms to its customers. Additionally, the company's investment in new-technology engines enhances its portfolio quality and potential for generating stable, long-term leasing revenue streams.



The global LEAP engine market is expected to grow at a steady rate of around 6.50% due to increasing demand for more reliable and fuel-efficient engines, as well as growing environmental regulations. This growth is supported by the expanding fleet of narrow-body aircraft, particularly the Airbus A320neo and Boeing 737 MAX, which are powered by LEAP engines. As airlines continue to adopt these aircraft, the demand for LEAP engines is expected to increase, further driving market growth.

In conclusion, Willis Lease Finance Corporation's decision to exercise options for 30 CFM LEAP engines demonstrates the company's commitment to staying at the forefront of the aviation industry. By investing in advanced, fuel-efficient engines, WLFC can offer more flexible support to its customers, capitalize on market trends, and contribute to the global aviation industry's sustainability goals.