WLFC closes third JOLCO deal

Willis Lease Finance Corporation (WLFC) has closed its third engine-backed Japanese operating lease with call option (JOLCO), a $21 million financing with a 5.0% interest loan maturing in March 2033 on a CFM LEAP-1B28 engine. “The JOLCO market is particularly attractive to us as we continue to modernize our portfolio and diversify our sources of capital,” said WLFC EVP and chief financial officer Scott Flaherty. “The successful closing of our third engine JOLCO again demonstrates the Company’s access to the global capital markets, allowing us to finance assets at competitive rates and similarly offer our customers attractive lease and loan