Willis Lease Finance Corporation reports 4Q2009 financial highlights

Willis Lease Finance Corporation (NASDAQ: WLFC), a leading lessor of commercial jet engines, today reported strong revenues, net income and earnings per share in 2009, reflecting continued growth in its lease portfolio, higher maintenance reserve revenues and lower borrowing costs. For the full year, net income available to common shareholders totaled $19.2 million, or $2.14 per diluted common share, compared to the record results posted in 2008 of $23.5 million, or $2.68 per diluted share, which was bolstered by a significant gain on the sale of a portfolio of engines.