Willis Lease signs regional aircraft and engine deal

Willis Lease Finance Corporation (Willis Lease) has entered into lease agreements with Transportes Aéreos Guatemaltecos (TAG Airlines) for four ATR 72-500 aircraft. The five-year deal sees the aircraft overhauled and refurbished, fitted with new Pratt & Whitney Canada PW127M engines. “Over the past two years, our regional and specialty assets group has focused on growth through opportunistic procurement rather than traditional sale and leasebacks,” said Austin C. Willis, Willis Lease Chief Executive Officer, effective April 1, 2022. “This has enabled us to provide quality aircraft and engines at attractive rates to our customers. We purchased these aircraft in late 2021,