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Benzinga
Benzinga
Business
Akanksha Bakshi

Willis Lease Inks Agreements With TAG Airlines For Four ATR 72-500 Aircraft

ATR WLFC Nasdaq
  • Willis Lease Finance Corp (NASDAQ:WLFC) entered into lease agreements with Transportes Aéreos Guatemaltecos (TAG Airlines) for four ATR 72-500 aircraft. Deal terms were not disclosed.
  • The five-year deal sees the aircraft overhauled and refurbished, fitted with new Pratt & Whitney Canada PW127M engines.
  • In addition to the aircraft leases, TAG will be included in Willis Lease's ConstantThrust program.
  • Under the agreement, program maintenance and care for the engines are overseen by Willis Lease, including providing spare engines when it is needed.
  • The company expects the aircraft deliveries to begin in the first half of 2022.
  • Price Action: WLFC shares are trading lower by 0.37% at $32.68 on the last check Tuesday.
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