Willis Lease Finance Corporation (WLFC) has closed three Japanese operating lease with call option (JOLCO) transactions, totalling $64.8 million.
Two of these loans closed during the first quarter of the year, financing one PW1127GA-JM engine and one PW1133G-JM engine, maturing in 2033. The third loan closed during April, financing one LEAP-1A engine, maturing in 2034.
“The JOLCO market remains an attractive way to diversify financing options and we’re proud to deepen our relationship with Japanese counterparties,” said Scott Flaherty, Willis Lease Finance Corporation EVP and chief financial officer. “Through global capital sources like this, WLFC is able to offer our airline customers compelling lease and financing solutions.”
These transactions bring the company’s total JOLCO financings to approximately $119.8 million.