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Willis Lease ties up aircraft acquisition agreement with BAE Systems

Willis Lease Finance Corporation signed a commercial aircraft agreement with BAE Systems under which BAE Systems Regional Aircraft’s Asset Management business will provide pre-owned aircraft acquisition, remarketing and lease management services to Willis Lease. The alliance is expected to broaden and enhance access to jet engines to further build the Willis Lease portfolio. Willis Lease Finance shares finished yesterday 0.1% higher.

Elsewhere, ALAFCO announced it plans to acquire 10 new aircraft in 2011 and expand its fleet to 100 aircraft over the next five years. ALAFCO increased its fleet from 32 to 47 aircraft in 2010, taking delivery of 16 new aircraft and selling one. The value of its assets exceeded USD1.5 billion last year. Shares in ALAFCO were down 2.9% yesterday.

Selected Lessors daily share price movements (% change): 15-Mar-2011