Willis Lease Launches Aftermarket Subsidiary

Willis Lease Finance has launched a new subsidiary – Willis Aeronautical Services (WASI) – which will provide ‘end-of-life’ solutions for aviation materials and services related to aircraft engines. In conjunction with the formation of WASI, Willis Lease acquired most of the assets from JT-Power, a supplier of aftermarket materials and services. The new subsidiary will be based in the former JT-Power facility in Boynton Beach, Florida. “The launch of WASI positions Willis Lease at the forefront of providing end-of-life solutions for the growing supply of surplus aircraft, while solidifying its premier position in the engine leasing business,” said Charles Willis IV, chairman and CEO.

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