WLFC exercises purchase rights for 30 LEAP engines

Willis Lease Finance Corporation (WLFC), a lessor of commercial aircraft engines and provider of global aviation services, has exercised its purchase rights for 30 new LEAP engines from CFM International. This acquisition is part of an option from a 2019 order and includes both LEAP-1A engines for Airbus A320neo-family aircraft and LEAP-1B engines for Boeing 737 MAX aircraft. Delivery dates for the engines are yet to be determined.

With this expansion, WLFC aims to enhance its portfolio and provide greater flexibility to operators of these widely used engine types. The investment underscores the company's commitment to supporting airlines with efficient and advanced engine solutions, helping them optimise operations and maintain sustainability in commercial aviation.

WLFC's Chief Executive Officer, Austin C. Willis, stated that the purchase of 30 additional LEAP engines marks an important milestone in the company's mission. He highlighted WLFC's dedication to enabling sustainable flight by offering state-of-the-art leasing solutions that help airlines maintain efficient and reliable operations.

CFM International, a 50-50 joint venture between GE Aerospace and Safran Aircraft Engines, has developed the LEAP engine series to deliver improved fuel efficiency, lower emissions and reduced operating costs compared to previous-generation engines. WLFC's investment in these advanced engines further strengthens its ability to meet the evolving needs of airline customers worldwide.

By expanding its LEAP engine portfolio, WLFC reinforces its position as a key provider of flexible leasing solutions, ensuring airlines have access to cutting-edge engine technology to support their growing fleets.