Willis Lease Finance Corporation reported third quarter 2024 total revenues of $146.2 million and quarterly pre-tax income of $34.5 million on November 4, 2024. This represents a 69% increase in pre-tax income compared to the same period in 2023.
Core lease rent and maintenance reserve revenues aggregated $114.7 million, marking a 26% increase from $91.3 million in the third quarter of 2023. This growth was predominantly driven by recurring lease and maintenance revenues, reflecting the continued strength of the aviation marketplace.
As of September 30, 2024, the company’s lease portfolio stood at $2,665.7 million, comprising 348 engines, 16 aircraft, and one marine vessel. The Board also declared a recurring quarterly dividend of $0.25 per share, payable on November 21, 2024, to shareholders of record on November 12, 2024.
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