Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

Anthony R. Spaulding, the Senior Vice President & Technical Engine Services and Programs Chief Services Officer of Willis Lease Finance Corporation, announced his decision to resign from the Company, effective April 14, 2017. The Company will promptly begin a search to fill the roles held by Mr. Spaulding. Until such time as one or more successor is appointed, the Company will allocate the corresponding responsibilities amongst its existing human resources.


About Willis Lease Finance Corporation (NASDAQ:WLFC)

Willis Lease Finance Corporation along with its subsidiaries is a lessor of commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment. The Spare Parts Sales segment involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components, and leasing of engines destined for disassembly and sale of parts. Its lease portfolio consists of approximately 200 engines and related equipment, 10 aircrafts and five spare engine parts packages. The Company’s business activities also include equipment leasing and spare parts sales.

Willis Lease Finance Corporation (NASDAQ:WLFC) Recent Trading Information

Willis Lease Finance Corporation (NASDAQ:WLFC) closed its last trading session up +0.03 at 22.15 with 25,458 shares trading hands.