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WLFC benefits from favorable aviation leasing conditions as fleet growth, institutional capital and aftermarket expansion lift revenues.

Acquisition expands WLFC’s lease portfolio by an additional 12 aircraft and 13 engines  | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (the “Company” or “WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced that it has closed the transaction to acquire 12 commercial aircraft and 13 aircraft engines.

The acquisition expands WLFC’s aviation asset portfolio and provides additional opportunities to leverage the Company’s integrated leasing, asset management, technical and aftermarket capabilities. WLFC’s global platform provides multiple avenues to deploy and manage these assets with the objective of maximizing utilization and value throughout their lifecycle.

“We believe this acquisition represents an attractive opportunity to put capital to work in assets that fit well with our existing business,” said Austin C. Willis, Chief Executive Officer of WLFC. “It builds on our core strengths in aircraft and engine leasing and reflects our continued focus on disciplined growth and long-term value creation.”

Milbank LLP served as legal counsel to WLFC, and PricewaterhouseCoopers LLP provided accounting, tax, and financial due diligence services to WLFC in connection with the transaction. The seller was advised by Vedder as legal counsel and by KPMG Ireland as tax and accounting advisors in connection with the transaction.

Willis Lease Finance Corporation

Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law.

The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

CONTACT:Lynn Mailliard KohlerDirector, Global Corporate Communications

(415) 328-4798

[email protected]

 | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., Aug. 27, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC" or the "Company"), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced the expansion of its global maintenance offering through the purchase of land to build a new Willis Engine Repair Center® (“WERC®”) in Johor, Malaysia.

The facility will be the Company’s third WERC®, in addition to existing facilities in Coconut Creek, Florida and Bridgend, Wales. WERC® facilities provide critical maintenance, repair, and storage services for the Company’s owned engine portfolio and third-party assets, playing an important role in WLFC’s integrated aviation platform. WERC® Malaysia extends WLFC’s proven engine repair center model into Asia, building on the Company’s successful operations in the United States and United Kingdom.

Malaysia’s strategic location, skilled aerospace workforce, established aviation ecosystem, and strong logistics infrastructure make it an ideal base for WERC® operations and enhance WLFC’s ability to deliver integrated services throughout the Asia-Pacific region.

“The establishment of WERC® Malaysia marks a significant milestone in the expansion of our global footprint and underscores our commitment to one of aviation’s fastest-growing markets,” said Austin C. Willis, Chief Executive Officer of WLFC. “As demand for engine maintenance continues to rise worldwide, expanding our in-house restoration capabilities through WERC® improves efficiency, strengthens our services offerings and brings us closer to our customers across the Asia-Pacific region.”

WLFC has partnered with South Alliance Sdn. Bhd. on the purchase of land and development of WERC® Malaysia. Construction is currently anticipated to be completed in the first quarter of 2027.

Willis Lease Finance Corporation

Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law.

The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

CONTACT:Lynn Mailliard KohlerDirector, Global Corporate Communications

(415) 328-4798

[email protected]

On August 14, 2026, Willis Lease Finance Corp WLFC shares experienced a notable increase of 4.9%, bringing the current price to $56.91. Despite this daily rise, the stock has faced a challenging performance over the past month, declining by 21.1%. The shares have fluctuated within a 52-week range of $38.00 to $81.54.

GF Value™ verdict: Current price $56.91 vs. GF Value™ $55.32, indicating the stock is 2.9% overvalued.GF Score™: 91/100, suggesting strong overall performance.Most notable signal: Insider activity shows $0.0M bought and $2.3M sold in the last 3 months.Is WLFC Overvalued or Undervalued?Willis Lease Finance Corp's current price of $56.91 is positioned above the GuruFocus GF Value™ estimate of $55.32, suggesting a 2.9% overvaluation. GF Value™ is GuruFocus's proprietary estimate of a stock's intrinsic value, derived from an analysis of historical trading multiples, past business growth, and future performance projections. Given WLFC's recent losses and cash-flow negativity, relying solely on earnings-based valuation metrics, such as the Price-to-Earnings (P/E) ratio, is inadequate. Instead, a Price-to-Sales (P/S) analysis, set against its historical median of approximately 0.8x, offers a more relevant valuation approach.

The GF Valuation label indicates that the stock is fairly valued, but the overvaluation signal raises caution for potential investors. The risk associated with purchasing shares at this price is heightened, as the valuation does not offer a significant margin of safety in the current market scenario.

How Does WLFC's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)14.0x9.2x (5-Year Median)Forward P/E12.0x-WLFC's current P/E of 14.0x is significantly above its 5-year median of 9.2x, indicating that the stock is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict of overvaluation, reinforcing the notion that WLFC may be priced too high relative to its past performance.

What Does WLFC's GF Score™ Tell Us?The GF Score™ is a comprehensive metric that evaluates a stock's performance across various fundamental aspects, including financial strength, profitability, growth, valuation, and momentum. WLFC boasts an impressive GF Score™ of 91/100, reflecting its strong performance in several key areas, particularly growth and momentum.

MetricRatingGF Score™91/100Financial Strength3/10Profitability9/10Growth10/10Valuation9/10Momentum10/10WLFC's strongest sub-ranks are in growth and momentum, both scoring a perfect 10/10. However, the financial strength rank of 3/10 raises concerns, indicating potential vulnerabilities in the company's ability to withstand financial pressures. Collectively, these scores suggest that while WLFC exhibits robust growth potential, its financial stability is a significant area of concern.

What Are Gurus and Insiders Doing with WLFC?Currently, two gurus hold positions in WLFC, with one guru increasing their stake while two have trimmed their positions in recent quarters. This mixed activity among gurus indicates a cautious sentiment regarding the stock's future performance. The insider activity reveals that no shares were purchased in the last three months, while $2.3M worth of shares were sold. This trend of insider selling can be interpreted as a lack of confidence in the stock's near-term prospects, which should be taken into account by potential investors.

What This Means for InvestorsBased on the current analysis, Willis Lease Finance Corp WLFC appears to be overvalued with a GF Value™ indicating a price slightly above its intrinsic worth. The reliance on earnings-based valuations is problematic due to the company's cash-flow-negative status, suggesting that investors should approach the stock with caution. For further insights, visit the Willis Lease Finance Corp (WLFC) stock page for a comprehensive review of its metrics and trends.

Frequently Asked QuestionsWhat is WLFC's GF Score™?

WLFC has a GF Score™ of 91/100, indicating strong overall performance across various fundamental metrics.

Is WLFC overvalued or undervalued?

WLFC is currently overvalued, with a GF Value™ of $55.32 compared to its current price of $56.91.

What is WLFC's P/E ratio?

WLFC's P/E ratio is 14.0x, which is significantly higher than its 5-year median of 9.2x, suggesting it is trading at a premium compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Willis Lease Finance NASDAQ: WLFC reported second-quarter 2026 revenue of $194 million, earnings before tax of $38.1 million and adjusted EBITDA of $120.7 million, as the aircraft-engine leasing company expanded assets under management and continued building its asset-management platform.

Net income attributable to common shareholders was $28.7 million, or $1.31 per diluted share. Earnings before tax declined from $74.3 million a year earlier, when results included a $43 million one-time gain from the sale of the company’s WAML fleet-management business to its Willis Mitsui joint venture.

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“We are pleased to have continued strong momentum from earlier in the year and are reporting another quarter of solid financial and operational performance,” Chief Executive Officer Austin Willis said.

Assets Under Management Rise 21% Total assets under management increased 21% year over year to about $4.4 billion in the second quarter, from roughly $3.6 billion in the same period of 2025. Assets on Willis Lease Finance’s balance sheet represented 67% of total assets under management.

The company’s Willis Aviation Capital, or WAC, asset-management business grew to $1.4 billion of assets under management, an increase of nearly 80% from a year earlier. Willis said it has largely completed the process of seeding portfolios into its Blackstone and Liberty Mutual funds, as well as its Mitsui joint venture, and expects future fund growth to come primarily through third-party market purchases.

Willis said it has approximately $1.3 billion of additional capital available to deploy through its discretionary funds, excluding capital raised through joint ventures and its own corporate capital structure. Net debt-to-equity leverage, including preferred stock, stood at 2.78 times at the end of the quarter.

During June, the company acquired the entities owning three Airbus A330-300 aircraft leased to China Airlines and EVA Air. In July, it signed definitive documentation to acquire private-equity entities that own 12 additional commercial aircraft and 13 aircraft engines. The July portfolio transaction was valued at $379 million, according to CFO Scott Flaherty.

Leasing Revenue Grows as Utilization Holds Near 85% Lease-rent revenue increased 6.7% year over year to $77.1 million. Average lease-portfolio utilization was 85%, compared with 87.2% in the year-earlier period, while the average lease rate increased to 1.03% from 1.0%.

Willis said its portfolio continues to shift toward newer-generation engines. Modern-technology engines, including LEAP, GTF and GEnx models, accounted for about 60% of the consolidated portfolio’s net book value, including the company’s balance sheet and WAC assets.

Management said demand for these engine types should remain strong as Airbus A320neo and Boeing 737 MAX aircraft production rises and the engines mature. Willis expects more frequent off-wing maintenance as scheduled removals for performance restoration and life-limited-parts replacement accelerate.

The company also expects older CFM56 and V2500 engines to remain important contributors, though it said it is being selective about asset purchases as those platforms mature. Austin Willis said the company’s ConstantThrust offering and its maintenance approach, which emphasizes “hospital shop visits” rather than full overhauls, could help customers transition to newer technology.

Maintenance Reserves and Equipment Sales Maintenance-reserve revenue fell to $46.5 million from $50.7 million a year earlier. Short-term maintenance reserves declined to $39 million from $50.2 million, partly because the number of engines on short-term lease conditions fell 4.9% as the portfolio shifted toward newer engines generally leased on longer terms.

Flaherty said certain operators reduced flight hours and cycles during April and May amid higher fuel prices. However, the company saw a recovery in aircraft operating tempo and related reserve revenue toward the end of the quarter as a ceasefire took hold in Iran and fuel prices declined.

Long-term maintenance-reserve revenue increased to $7.5 million from $0.5 million in the prior-year quarter, including $6.8 million associated with one V2500 engine coming off a long-term lease.

Gain on sale of leased equipment totaled $32 million, up from $27.6 million a year earlier. The gain was tied to sales of 21 engines and other parts and equipment for $224.8 million before economic closing adjustments. Fourteen of the engines were sold as part of a seed portfolio for the Blackstone fund.

In response to an analyst question, Flaherty said the $32 million gain represented a 14.2% margin and that the company’s annual appraisal process indicates its overall portfolio is valued at about 20% above book value. He cautioned that realized results can vary by individual asset.

Services Expansion, Financing and Dividend Maintenance-services revenue rose 11.9% to $9 million, driven by growth in engine and aircraft storage. The segment reported a negative gross margin of $1.4 million, which Flaherty attributed to the seasonality of base-maintenance activity.

Willis recently signed a major engine-storage agreement with Pratt & Whitney following nearly a year of inspections and quality audits, Austin Willis said. The company is also in advanced discussions to establish another engine-repair center in Asia.

In May, Willis issued $200 million of 2.5% convertible senior notes due 2031 and used proceeds to reduce borrowings on its $1.75 billion revolving credit facility. The notes have a split-adjusted conversion price of $89.60 per share, representing a 40% premium at issuance, Flaherty said.

The company completed a three-for-one stock split effective July 21. Its board also declared a quarterly dividend of $0.133 per share on a split-adjusted basis, payable Aug. 21 to shareholders of record Aug. 11. The payment marks the company’s ninth consecutive recurring quarterly dividend.

About Willis Lease Finance (NASDAQ:WLFC)Willis Lease Finance Corporation NASDAQ: WLFC is an independent global provider of aircraft engine leasing, trading and aftermarket services. Founded in 1991 and headquartered in the United States, the company specializes in offering short- and long-term operating leases for jet engines and auxiliary power units. Through its broad engine portfolio, Willis Lease Finance supports a wide range of commercial aircraft across various operators, including major airlines, regional carriers and other leasing companies.

In addition to leasing solutions, Willis Lease Finance offers comprehensive engine trading and asset management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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COCONUT CREEK, Fla., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced its financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Highlights (All metrics compared to second quarter 2025, except where noted)

Income from operations of $34.0 million, an increase of 20.2%Quarterly lease rent revenue of $77.1 million, an increase of 6.7%Quarterly core lease rent and maintenance reserve revenues were $123.6 million in the aggregate, up 0.5%Gain on sale of leased equipment of $32.0 million, an increase of 16.2%Net income attributable to common shareholders of $28.7 millionAdjusted EBITDA of $120.7 million, an increase of 4.0%Grew assets under management, including on our balance sheet and Willis Aviation Capital businesses, to $4.4 billion
“The first half of the year was focused on establishing and building Willis Aviation Capital,” said Austin C. Willis, Chief Executive Officer of WLFC, “with total AUM growth of 21% year over year, we have delivered.”

Second Quarter 2026 Operating Results

Lease rent revenue increased by $4.9 million, or 6.7%, to $77.1 million in the three months ended June 30, 2026 from $72.3 million for the three months ended June 30, 2025. The increase is due to an increase in the average size of the portfolio as compared to that of the prior year period.

During the second quarter of 2026, the Company recognized $7.5 million of long-term maintenance revenue, compared to $0.5 million for the quarter ended June 30, 2025. Long-term maintenance is recognized at the end of a lease period as the related maintenance reserve liability is released from the balance sheet.

For the quarter ended June 30, 2026, the gain on sale of leased equipment was $32.0 million, reflecting the sale of 21 engines and other parts and equipment from the lease portfolio. During the three months ended June 30, 2025, the Company sold 14 engines, two airframes, and other parts and equipment for a net gain of $27.6 million.

In March 2026, the Company’s investment fund partnership with Liberty Mutual Investments commenced operations, followed by the commencement of the Company’s investment fund partnership with Blackstone Credit & Insurance in April 2026.

The book value of lease assets owned either directly or through WLFC’s joint ventures, inclusive of the Company’s equipment held for operating lease, maintenance rights, notes receivable, and investments in sales-type leases was $3,721.6 million as of June 30, 2026.

The value of our assets under management, inclusive of the book value of WLFC’s on-balance sheet assets as well as leased assets in our joint ventures, third-party managed assets, and managed fund portfolios was $4.4 billion as of June 30, 2026.

NON-GAAP FINANCIAL MEASURES

Adjusted EBITDA

We analyze our financial data to evaluate the health of our business and assess our performance. As appropriate, in addition to income or loss from operations under GAAP, we use Adjusted EBITDA, a non-GAAP financial measure, to evaluate our business. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance as it excludes certain items that may not be indicative of our recurring operating results. We also believe that investors, in addition to management, benefit from referring to this non-GAAP financial measure in assessing our performance, when viewed together with our GAAP results. While items excluded from Adjusted EBITDA may be recurring in nature and should not be disregarded in evaluating performance, it can be useful to exclude such items as they can vary significantly between periods and or not be indicative of current or future operating results.

Because non-GAAP financial measures are not standardized, our calculation of Adjusted EBITDA may differ from similarly titled non-GAAP measures, if any, reported by other companies. This non-GAAP financial measure should not be considered in insolation from, or as a substitute for, financial information performed in accordance with GAAP.

We define Adjusted EBITDA as net income attributable to common shareholders, excluding (i) income tax expense, (ii) interest expense, (iii) preferred stock dividends/costs, (iv) loss on debt extinguishment, (v) depreciation and amortization expense, (vi) stock compensation expense, (vii) write-down of equipment, (viii) acquisition, financing and divestitures related expenses, and (ix) other items not indicative of our ongoing operating performance.

Adjusted EBITDA was approximately $120.7 million and $116.1 million for the three months ended June 30, 2026 and 2025, respectively, and $244.6 million and $219.4 million for the six months ended June 30, 2026 and 2025, respectively. See below for the reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure, net income attributable to common shareholders.

 Three months ended June 30, Six months ended June 30,  2026   2025   2026   2025  (in thousands)Net income attributable to common shareholders$28,745  $58,955  $52,406  $74,431 Add: Income tax expense 7,828   13,920   19,583   22,305 Add: Interest expense 29,689   33,569   62,322   65,663 Add: Preferred stock dividends/costs 1,423   1,422   2,845   2,815 Add: Loss on debt extinguishment 5,421   —   12,448   — Add: Depreciation and amortization expense 29,068   27,550   59,246   52,574 Add: Stock compensation expense 12,703   16,751   26,455   23,658 Add: Write-down of equipment 4,910   11,458   6,059   13,567 Add: Acquisition, financing and divestitures related expenses 2,560   662   4,802   828 Less: Other (1) (1,610)  (48,226)  (1,581)  (36,449)Adjusted EBITDA$120,737  $116,061  $244,585  $219,392  ________________________________________________________

During the three and six months ended June 30, 2026, the Company recognized non-recurring project expenses of $(1.6) million and $(1.6) million, respectively, related to its sustainable aviation fuel project. The negative expense recognized during the three-month and six-month periods reflect government grant proceeds recognized in the second quarter of 2026. During the three and six months ended June 30, 2025, the Company recognized non-recurring project expenses of $(5.3) million and $6.5 million, respectively, related to its sustainable aviation fuel project, for which the Company subsequently decided to cease further investment. The negative expense recognized during the three-month period reflects government grant proceeds received in the second quarter of 2025. Additionally, during the three and six months ended June 30, 2025, the Company recognized $43.0 million in relation to the gain on sale of the BAML business.
Balance Sheet

As of June 30, 2026, the Company’s lease portfolio was $2,956.3 million, consisting of $2,783.4 million of equipment held in its operating lease portfolio, $89.3 million of notes receivable, and $83.6 million of maintenance rights, which represented 334 engines, 22 aircraft, one marine vessel, and other leased parts and equipment. As of December 31, 2025, the Company’s lease portfolio was $2,988.9 million, consisting of $2,801.7 million of equipment held in its operating lease portfolio, $139.9 million of notes receivable, $30.6 million of maintenance rights, and $16.6 million of investments in sales-type leases, which represented 363 engines, 20 aircraft, one marine vessel, and other leased parts and equipment.

Conference Call

WLFC will hold a conference call led by the executive management team today at 10:00 a.m. Eastern Time to discuss its second quarter 2026 results.

To participate in the conference call, please use the following dial-in numbers:

U.S. and Canada: +1 (800) 330-6730
International: +1 786 297 8585
Conference ID: 7661930
Participant Passcode: 442978

The conference call may also be accessed by registering via the following link:
https://event.webcasts.com/starthere.jsp?ei=1759374&tp_key=c0ab3b632b. 

A digital replay will be available two hours after the completion of the conference call. To access the replay, please visit the Investor Relations sections of our website at https://www.wlfc.global/investor-center.

About Willis Lease Finance Corporation

Willis Lease Finance Corporation (WLFC) leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO, and ground and cargo handling services.

Forward-Looking Statements

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. By their nature, forward-looking statements involve a number of inherent risks, uncertainties and assumptions and are subject to change in circumstances that are difficult to predict and many of which are outside of our control. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed, either expressly or implicitly, in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and natural disasters; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors, as well as the impact of new or increased tariffs; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

Unaudited Condensed Consolidated Statements of Income
(In thousands, except per share data) 

 Three months ended
June 30,   Six months ended
June 30,   2026  2025 % Change  2026  2025 % ChangeREVENUE           Lease rent revenue$77,137 $72,268 6.7% $154,522 $140,007 10.4%Maintenance reserve revenue 46,456  50,743 (8.4)%  101,968  105,602 (3.4)%Spare parts and equipment sales 21,180  30,354 (30.2)%  42,867  48,594 (11.8)%Interest revenue 1,183  3,649 (67.6)%  3,971  7,583 (47.6)%Gain on sale of leased equipment 32,038  27,582 16.2%  49,997  32,019 56.1%Gain on sale of financial assets 154  — nm  592  378 56.6%Maintenance services revenue 8,983  8,031 11.9%  18,752  13,617 37.7%Management and advisory fees 5,524  2,588 113.4%  13,419  4,551 194.9%Other revenue 1,362  287 374.6%  2,275  883 157.6%Total revenue 194,017  195,502 (0.8)%  388,363  353,234 9.9%            EXPENSES           Depreciation and amortization expense 29,068  27,550 5.5%  59,246  52,574 12.7%Cost of spare parts and equipment sales 15,097  28,102 (46.3)%  29,514  43,425 (32.0)%Cost of maintenance services 10,350  8,621 20.1%  19,210  13,950 37.7%Write-down of equipment 4,910  11,458 (57.1)%  6,059  13,567 (55.3)%General and administrative 55,559  50,429 10.2%  112,163  98,149 14.3%Technical expense 9,947  7,508 32.5%  19,635  13,738 42.9%Net finance costs:           Interest expense 29,689  33,569 (11.6)%  62,322  65,663 (5.1)%Loss on debt extinguishment 5,421  — nm  12,448  — nmTotal net finance costs 35,110  33,569 4.6%  74,770  65,663 13.9%Total expenses 160,041  167,237 (4.3)%  320,597  301,066 6.5%            Income from operations 33,976  28,265 20.2%  67,766  52,168 29.9%Gain on sale of business —  42,950 (100.0)%  —  42,950 (100.0)%Income from investments 4,172  3,082 35.4%  7,220  4,433 62.9%Income before income taxes 38,148  74,297 (48.7)%  74,986  99,551 (24.7)%Income tax expense 7,828  13,920 (43.8)%  19,583  22,305 (12.2)%Net income 30,320  60,377 (49.8)%  55,403  77,246 (28.3)%Net income attributable to noncontrolling interests 152  — nm  152  — nmNet income attributable to WLFC 30,168  60,377 (50.0)%  55,251  77,246 (28.5)%Preferred stock dividends 1,353  1,353 —%  2,706  2,676 1.1%Accretion of preferred stock issuance costs 70  69 1.4%  139  139 —%Net income attributable to common shareholders$28,745 $58,955 (51.2)% $52,406 $74,431 (29.6)%            Basic weighted average income per common share$1.36 $2.89   $2.53 $3.70  Diluted weighted average income per common share$1.31 $2.81   $2.39 $3.55              Basic weighted average common shares outstanding 21,127  20,367    20,733  20,094  Diluted weighted average common shares outstanding 22,013  20,970    21,885  20,985   Unaudited Condensed Consolidated Balance Sheets
(In thousands, except per share data)

  June 30, 2026 December 31, 2025ASSETS    Cash and cash equivalents $10,725 $16,441 Restricted cash  161,497  530,500 Equipment held for operating lease, less accumulated depreciation  2,783,382  2,801,683 Maintenance rights  83,632  30,632 Equipment held for sale  77,002  20,509 Receivables, net  41,365  35,717 Spare parts inventory  51,402  56,577 Investments  152,148  104,250 Property, equipment & furnishings, less accumulated depreciation  76,904  73,835 Intangible assets, net  8,295  271 Notes receivable, net  89,279  139,945 Investments in sales-type leases, net  —  16,595 Due from affiliates  3,188  — Other assets  114,357  109,360 Total assets $3,653,176 $3,936,315      LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY    Liabilities:    Accounts payable and accrued expenses $103,306 $105,706 Deferred income taxes  264,773  228,547 Debt obligations  2,320,904  2,700,338 Maintenance reserves  129,261  116,185 Security deposits  24,537  24,651 Unearned revenue  35,112  35,350 Due to affiliates  1,407  — Total liabilities  2,879,300  3,210,777      Redeemable preferred stock ($0.01 par value)  63,540  63,401      Shareholders’ equity:    Common stock ($0.01 par value)  228  229 Paid-in capital in excess of par  71,274  72,510 Retained earnings  637,033  590,785 Accumulated other comprehensive income (loss), net of income tax expense (benefit)  61  (1,387)Total Willis Lease Finance Corporation shareholders’ equity  708,596  662,137 Noncontrolling interests  1,740  — Total equity  710,336  662,137 Total liabilities, redeemable preferred stock and equity $3,653,176 $3,936,315  CONTACT:Scott B. Flaherty Executive Vice President & Chief Financial Officer 561.413.0112

July 21, 2026 06:30 ET  | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., July 21, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced it will release its financial results for the second quarter of 2026 before the market opens on August 4, 2026. The Company will host a conference call led by the executive management team that day at 10:00 a.m. Eastern Time.

To participate in the conference call, please use the following dial-in numbers:

U.S. and Canada: +1 (800) 330-6730
International: +1 786 297 8585
Conference ID: 7661930
Participant Passcode: 442978

The conference call may also be accessed by registering via the following link:
https://event.webcasts.com/starthere.jsp?ei=1768040&tp_key=c567b99f23.

A digital replay will be available two hours after the completion of the conference call. To access the replay, please visit the Company’s website at www.wlfc.global under the Investor Center section for details.

Willis Lease Finance Corporation

Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law.

The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

July 08, 2026 15:55 ET  | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., July 08, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC" or the "Company"), the leading lessor of commercial aircraft engines and a global provider of aviation services, today announced that it has been added to three Russell 2000 Indexes, effective June 26, 2026, as part of the FTSE Russell 2026 U.S. Indexes reconstitution.

A member of the Russell 2000 Index since 2009, WLFC is now included in these additional indexes:

Russell 2000 Defensive IndexRussell 2000 Growth-Defensive IndexRussell 2000 Value-Defensive Index "We are delighted to be represented in three additional Russell 2000 Indexes, which should broaden WLFC’s visibility with the investment community," said Austin C. Willis, Chief Executive Officer of WLFC. "These indexes are designed to deliver financial stability for investors, and we believe our inclusion validates our long-term strategy to create value for shareholders.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. As of June 30, 2025, approximately $12.2 trillion in assets are benchmarked to the Russell US Indexes, which belong to FTSE Russell, the global index provider.

Willis Lease Finance Corporation

Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law.

The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

 CONTACT:Lynn Mailliard Kohler Director, Global Corporate Communications (415) 328-4798 [email protected]

June 23, 2026 16:01 ET  | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., June 23, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (the “Company” or “WLFC”), the leading lessor of commercial aircraft engines and a global provider of aviation services, announced today that its shareholders approved a three-for-one forward stock split of the Company’s common stock and a proportionate increase in the number of authorized shares of common stock to accommodate the stock split. The split was also approved by the Company’s Board of Directors and will be effected through an amendment to the Company’s certificate of incorporation (the “Amendment”).

“We are pleased that the 3-to-1 stock split proposal has passed with overwhelming shareholder support, as we believe this action is in the best interests of the Company and our shareholders," said Charles F. Willis, Executive Chairman of WLFC. "Including the stock split, all five proposals on our 2026 proxy were passed by shareholders. Over the past several years, we have built meaningful momentum across the business, further positioning the Company to capitalize on growth opportunities and create value for shareholders.”

Each shareholder of record as of the close of trading on July 6, 2026 (the “Record Date”) will receive, upon effectiveness of the Amendment, two additional shares for every one share held on the record date. Subject to final approval by Nasdaq, trading is expected to begin on a split-adjusted basis at market open on July 20, 2026.

Willis Lease Finance Corporation

Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law.

The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

CONTACT:Scott B. Flaherty Executive Vice President & Chief Financial Officer (561) 413-0112

NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation’s (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC’s past and ongoing practices of paying potentially excessive compensation to Mr. Willis.

If you are a current shareholder of Willis Lease Finance, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/willis-lease-investigation

Why is Willis Lease Finance being Investigated?

Willis Lease is “effectively controlled” by Charles F. Willis, IV, who founded the company in 1985 and owns approximately 40% of the company’s stock. Willis Lease’s board of directors consists of Mr. Willis, his son (who serves as the CEO of Willis Lease), and three additional directors (who are purportedly independent and constitute the Company’s compensation committee).

In fiscal year 2022, Mr. Willis received compensation totaling approximately $6.2 million. In fiscal year 2023, he received compensation totaling approximately $10.7 million. In fiscal year 2024, he received compensation totally approximately $14.0 million. In fiscal year 2025, he received compensation totaling approximately $14.2 million. Over half of Mr. Willis’ total compensation for these years has been in the form of stock awards.

In 2024, the Company’s board of directors issued additional “one-time performance” stock awards to the Company’s executives, including an unexplained double-issuance of stock options worth $23.9 million to Mr. Willis.

Despite this substantial compensation, on November 10, 2025, Willis Lease’s compensation committee awarded Mr. Willis an option grant to purchase up to 300,000 shares of Willis Lease common stock “intended to retain and incentivize Mr. Willis to continue in the role of Executive Chairman” with a four-year vesting period and an exercise price linked to Willis Lease’s stock price at the time of the option grant. In the months following this option grant, Willis Lease’s stock price has risen significantly, giving the options significant value to Mr. Willis.

BFA is investigating whether Willis Lease’s compensation to Charles F. Willis, IV, represents excessive or wasteful compensation, and whether the Company’s board of directors, together with Charles F. Willis, IV (as the controlling shareholder) have breached their fiduciary duties to Willis Lease’s stockholders in connection with the compensation.

Click here for more information: https://www.bfalaw.com/cases/willis-lease-investigation

What Can You Do?

If you are a current holder of Willis Lease Finance Corporation stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/willis-lease-investigation

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/willis-lease-investigation

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, May 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation’s (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC’s past and ongoing practices of paying potentially excessive compensation to Mr. Willis.

If you are a current shareholder of Willis Lease Finance, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/willis-lease-investigation

Why is Willis Lease Finance being Investigated?

Willis Lease is “effectively controlled” by Charles F. Willis, IV, who founded the company in 1985 and owns approximately 40% of the company’s stock. Willis Lease’s board of directors consists of Mr. Willis, his son (who serves as the CEO of Willis Lease), and three additional directors (who are purportedly independent and constitute the Company’s compensation committee).

In fiscal year 2022, Mr. Willis received compensation totaling approximately $6.2 million. In fiscal year 2023, he received compensation totaling approximately $10.7 million. In fiscal year 2024, he received compensation totally approximately $14.0 million. In fiscal year 2025, he received compensation totaling approximately $14.2 million. Over half of Mr. Willis’ total compensation for these years has been in the form of stock awards.

In 2024, the Company’s board of directors issued additional “one-time performance” stock awards to the Company’s executives, including an unexplained double-issuance of stock options worth $23.9 million to Mr. Willis.

Despite this substantial compensation, on November 10, 2025, Willis Lease’s compensation committee awarded Mr. Willis an option grant to purchase up to 300,000 shares of Willis Lease common stock “intended to retain and incentivize Mr. Willis to continue in the role of Executive Chairman” with a four-year vesting period and an exercise price linked to Willis Lease’s stock price at the time of the option grant. In the months following this option grant, Willis Lease’s stock price has risen significantly, giving the options significant value to Mr. Willis.

BFA is investigating whether Willis Lease’s compensation to Charles F. Willis, IV, represents excessive or wasteful compensation, and whether the Company’s board of directors, together with Charles F. Willis, IV (as the controlling shareholder) have breached their fiduciary duties to Willis Lease’s stockholders in connection with the compensation.

Click here for more information: https://www.bfalaw.com/cases/willis-lease-investigation

What Can You Do?

If you are a current holder of Willis Lease Finance Corporation stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/willis-lease-investigation

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/willis-lease-investigation

Attorney advertising. Past results do not guarantee future outcomes.

Declares Second Quarter 2026 Dividend of $0.40 Per Share May 05, 2026 06:31 ET  | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., May 05, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced its financial results for the first quarter ended March 31, 2026. The Company also announced a quarterly dividend of $0.40 per share of common stock outstanding. The dividend is expected to be paid on May 22, 2026 to shareholders of record at the close of business on May 11, 2026.

First Quarter 2026 Highlights (All metrics compared to first quarter 2025, except where noted)

Quarterly total revenue of $194.3 million, an increase of 23.2%Income from operations of $33.8 million, an increase of 41.4%Quarterly pre-tax income of $36.8 million, an increase of 45.9%Diluted weighted average income per common share of $3.26, an increase of 47.5%Record high quarterly lease rent revenue of $77.4 million, an increase of 14.2%Record high quarterly maintenance services revenue of $9.8 million, an increase of 74.9%Gain on sale of leased equipment of $18.0 million, and increase of 304.8%Net income attributable to common shareholders of $23.7 million, an increase of 52.9%Adjusted EBITDA of $123.8 million, an increase of 19.9%Portfolio utilization increased to 85.8% at quarter end, compared to 79.9% For the three months ended March 31, 2026, total revenue was $194.3 million, up 23.2% as compared to $157.7 million for the same period in 2025. For the first quarter of 2026, core lease rent and maintenance reserve revenues were $132.9 million in the aggregate, up 8.4% as compared to $122.6 million for the same period in 2025. The growth was predominantly driven by core lease and maintenance revenues associated with the continued strength of the aviation marketplace, as airlines leverage the Company’s extensive portfolio of in-demand engines as well as our parts and maintenance capabilities to avoid protracted, expensive engine shop visits.

“In the first quarter we outperformed nearly every revenue and earnings metric compared to Q1 2025,” said Austin Willis, CEO of WLFC, “and, thanks to the capital strategy we executed, we are poised for significant growth.”

First Quarter 2026 Operating Results

Lease rent revenue increased by $9.6 million, or 14.2%, to $77.4 million in the three months ended March 31, 2026 from $67.7 million for the three months ended March 31, 2025. The increase is due to an increase in the average size of the portfolio as compared to that of the prior year period as well as an increase in average utilization (based on net book value of equipment held for operating lease, maintenance rights, and notes receivable and investments in sales-type leases net of allowances) of equipment held in our operating lease portfolio.

During the first quarter of 2026, the Company recognized $12.4 million of long-term maintenance revenue, compared to $9.6 million for the quarter ended March 31, 2025. Long-term maintenance is recognized at the end of a lease period as the related maintenance reserve liability is released from the balance sheet.

For the quarter ended March 31, 2026, the gain on sale of leased equipment was $18.0 million, reflecting the sale of 14 engines from the lease portfolio. During the three months ended March 31, 2025, the Company sold seven engines, one airframe, and other parts and equipment for a net gain of $4.4 million.

In March 2026, the Company’s investment fund partnership with Liberty Mutual Investments commenced operations.

The book value of lease assets owned either directly or through WLFC’s joint ventures, inclusive of the Company’s equipment held for operating lease, maintenance rights, notes receivable, and investments in sales-type leases was $3,563.5 million as of March 31, 2026.

NON-GAAP FINANCIAL MEASURES

Adjusted EBITDA

We analyze our financial data to evaluate the health of our business and assess our performance. As appropriate, in addition to income or loss from operations under GAAP, we use Adjusted EBITDA, a non-GAAP financial measure, to evaluate our business. We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance as it excludes certain items that may not be indicative of our recurring operating results. We also believe that investors, in addition to management, benefit from referring to this non-GAAP financial measure in assessing our performance, when viewed together with our GAAP results. While items excluded from Adjusted EBITDA may be recurring in nature and should not be disregarded in evaluating performance, it can be useful to exclude such items as they can vary significantly between periods and or not be indicative of current or future operating results.

Because non-GAAP financial measures are not standardized, our calculation of Adjusted EBITDA may differ from similarly titled non-GAAP measures, if any, reported by other companies. This non-GAAP financial measure should not be considered in insolation from, or as a substitute for, financial information performed in accordance with GAAP.

We define Adjusted EBITDA as net income attributable to common shareholders, excluding (i) income tax expense, (ii) interest expense, (iii) preferred stock dividends/costs, (iv) loss on debt extinguishment, (v) depreciation and amortization expense, (vi) stock compensation expense, (vii) write-down of equipment, (viii) acquisition, financing and divestitures related expenses, and (ix) other items not indicative of our ongoing operating performance.

Adjusted EBITDA was approximately $123.8 million and $103.3 million for the three months ended March 31, 2026 and 2025, respectively. See below for the reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure, net income attributable to common shareholders.

  Three months ended March 31,   2026
 2025
  (in thousands) Net income attributable to common shareholders $23,661  $15,476 Add: Income tax expense  11,755   8,385 Add: Interest expense  32,633   32,094 Add: Preferred stock dividends/costs  1,422   1,393 Add: Loss on debt extinguishment  7,027   — Add: Depreciation and amortization expense  30,178   25,024 Add: Stock compensation expense  13,752   6,907 Add: Write-down of equipment  1,149   2,109 Add: Acquisition, financing and divestitures related expenses  2,242   166 Add: Other (1)  28   11,777 Adjusted EBITDA $123,847  $103,331  ________________________________________________________

In Q1 2026 and 2025, the Company recognized $0.03 million and $11.8 million, respectively, in non-recurring project expenses associated with the sustainable aviation fuels project, which the Company decided to cease investment in and pursue strategic alternatives for, including, a potential sale. Balance Sheet

As of March 31, 2026, the Company’s lease portfolio was $2,857.0 million, consisting of $2,760.5 million of equipment held in its operating lease portfolio, $65.6 million of notes receivable, $30.6 million of maintenance rights, and $0.3 million of investments in sales-type leases, which represented 342 engines, 20 aircraft, one marine vessel, and other leased parts and equipment. As of December 31, 2025, the Company’s lease portfolio was $2,988.9 million, consisting of $2,801.7 million of equipment held in its operating lease portfolio, $139.9 million of notes receivable, $30.6 million of maintenance rights, and $16.6 million of investments in sales-type leases, which represented 363 engines, 20 aircraft, one marine vessel, and other leased parts and equipment.

Conference Call

WLFC will hold a conference call led by the executive management team today at 10:00 a.m. Eastern Time to discuss its first quarter 2026 results.

To participate in the conference call, please use the following dial-in numbers:

U.S. and Canada: +1 (800) 330-6730
International: +1 (786) 297-8585
Conference ID: 3012326
Participant Passcode: 989617

The conference call may also be accessed by registering via the following link:
https://event.webcasts.com/starthere.jsp?ei=1759374&tp_key=c0ab3b632b.

A digital replay will be available two hours after the completion of the conference call. To access the replay, please visit the Investor Relations sections of our website at https://www.wlfc.global/investor-center.

About Willis Lease Finance Corporation

Willis Lease Finance Corporation (WLFC) leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre
by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO, and ground and cargo handling services.

Forward-Looking Statements

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. By their nature, forward-looking statements involve a number of inherent risks, uncertainties and assumptions and are subject to change in circumstances that are difficult to predict and many of which are outside of our control. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed, either expressly or implicitly, in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and natural disasters; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors, as well as the impact of new or increased tariffs; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

CONTACT:Scott B. Flaherty Executive Vice President & Chief Financial Officer 561.413.0112   Unaudited Condensed Consolidated Statements of Income
(In thousands, except per share data) 

  Three months ended March 31,      2026   2025  % ChangeREVENUE        Lease rent revenue $77,385  $67,739  14.2 %Maintenance reserve revenue  55,512   54,859  1.2 %Spare parts and equipment sales  21,687   18,240  18.9 %Interest revenue  2,788   3,934  (29.1)%Gain on sale of leased equipment  17,959   4,437  304.8 %Gain on sale of financial assets  438   378  15.9 %Maintenance services revenue  9,769   5,586  74.9 %Management and advisory fees  7,895   1,963  302.2 %Other revenue  913   596  53.2 %Total revenue  194,346   157,732  23.2 %         EXPENSES        Depreciation and amortization expense  30,178   25,024  20.6 %Cost of spare parts and equipment sales  14,417   15,323  (5.9)%Cost of maintenance services  8,860   5,329  66.3 %Write-down of equipment  1,149   2,109  (45.5)%General and administrative  56,604   47,720  18.6 %Technical expense  9,688   6,230  55.5 %Net finance costs:        Interest expense  32,633   32,094  1.7 %Loss on debt extinguishment  7,027   —  nmTotal net finance costs  39,660   32,094  23.6 %Total expenses  160,556   133,829  20.0 %         Income from operations  33,790   23,903  41.4 %Income from investments  3,048   1,351  125.6 %Income before income taxes  36,838   25,254  45.9 %Income tax expense  11,755   8,385  40.2 %Net income  25,083   16,869  48.7 %Preferred stock dividends  1,353   1,323  2.3 %Accretion of preferred stock issuance costs  69   70  (1.4)%Net income attributable to common shareholders $23,661  $15,476  52.9 %         Basic weighted average income per common share $3.49  $2.34   Diluted weighted average income per common share $3.26  $2.21            Basic weighted average common shares outstanding  6,778   6,606   Diluted weighted average common shares outstanding  7,252   7,000                          Unaudited Condensed Consolidated Balance Sheets
(In thousands, except per share data)

  March 31, 2026 December 31, 2025ASSETS    Cash and cash equivalents $24,554  $16,441 Restricted cash  196,023   530,500 Equipment held for operating lease, less accumulated depreciation  2,760,517   2,801,683 Maintenance rights  30,576   30,632 Equipment held for sale  14,764   20,509 Receivables, net  38,886   35,717 Spare parts inventory  56,321   56,577 Investments  128,996   104,250 Property, equipment & furnishings, less accumulated depreciation  75,767   73,835 Intangible assets, net  271   271 Notes receivable, net  65,551   139,945 Investments in sales-type leases, net  344   16,595 Due from affiliates  229   — Other assets  113,386   109,360 Total assets $3,506,185  $3,936,315      LIABILITIES, REDEEMABLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY    Liabilities:    Accounts payable and accrued expenses $72,636  $105,706 Deferred income taxes  240,112   228,547 Debt obligations  2,253,705   2,700,338 Maintenance reserves  124,562   116,185 Security deposits  24,398   24,651 Unearned revenue  32,928   35,350 Total liabilities  2,748,341   3,210,777      Redeemable preferred stock ($0.01 par value)  63,470   63,401      Shareholders’ equity:    Common stock ($0.01 par value)  77   76 Paid-in capital in excess of par  83,751   72,663 Retained earnings  611,333   590,785 Accumulated other comprehensive loss, net of tax  (787)  (1,387)Total shareholders’ equity  694,374   662,137 Total liabilities, redeemable preferred stock and shareholders’ equity $3,506,185  $3,936,315 

NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm  Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation's (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC's past and ongoing practices of paying potentially excessive compensation to Mr.

NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation’s (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC’s past and ongoing practices of paying potentially excessive compensation to Mr. Willis.

If you are a current shareholder of Willis Lease Finance, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/willis-lease-investigation

Why is Willis Lease Finance being Investigated?

Willis Lease is “effectively controlled” by Charles F. Willis, IV, who founded the company in 1985 and owns approximately 40% of the company’s stock. Willis Lease’s board of directors consists of Mr. Willis, his son (who serves as the CEO of Willis Lease), and three additional directors (who are purportedly independent and constitute the Company’s compensation committee).

In fiscal year 2022, Mr. Willis received compensation totaling approximately $6.2 million. In fiscal year 2023, he received compensation totaling approximately $10.7 million. In fiscal year 2024, he received compensation totally approximately $14.0 million. In fiscal year 2025, he received compensation totaling approximately $14.2 million. Over half of Mr. Willis’ total compensation for these years has been in the form of stock awards.

In 2024, the Company’s board of directors issued additional “one-time performance” stock awards to the Company’s executives, including an unexplained double-issuance of stock options worth $23.9 million to Mr. Willis.

Despite this substantial compensation, on November 10, 2025, Willis Lease’s compensation committee awarded Mr. Willis an option grant to purchase up to 300,000 shares of Willis Lease common stock “intended to retain and incentivize Mr. Willis to continue in the role of Executive Chairman” with a four-year vesting period and an exercise price linked to Willis Lease’s stock price at the time of the option grant. In the months following this option grant, Willis Lease’s stock price has risen significantly, giving the options significant value to Mr. Willis.

BFA is investigating whether Willis Lease’s compensation to Charles F. Willis, IV, represents excessive or wasteful compensation, and whether the Company’s board of directors, together with Charles F. Willis, IV (as the controlling shareholder) have breached their fiduciary duties to Willis Lease’s stockholders in connection with the compensation.

Click here for more information: https://www.bfalaw.com/cases/willis-lease-investigation

What Can You Do?

If you are a current holder of Willis Lease Finance Corporation stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/willis-lease-investigation

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/willis-lease-investigation

Attorney advertising. Past results do not guarantee future outcomes.

May 11, 2026 15:33 ET  | Source: Four Tree Island Advisory LLC

Highlights $52.1 million 2025 Compensation for Executive Chairman Charles Willis Far Exceeds Pay at Exponentially Larger, Better-Performing Companies

Calls on Stockholders to Send a Clear Message of Dissatisfaction by Opposing All Proposals Other than Ratification of Independent Auditor

PORTSMOUTH, N.H., May 11, 2026 (GLOBE NEWSWIRE) -- Four Tree Island Advisory LLC (“Four Tree Island”), a top-10 stockholder of Willis Lease Finance Corporation (NASDAQ:WLFC) (“WLFC” or the “Company”) based on public information, today urged fellow stockholders to vote AGAINST all proposals set forth in WLFC’s proxy statement for the 2026 Annual Meeting of Stockholders scheduled to be held on May 26, 2026 (the “Annual Meeting”), except the proposal to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm.

As WLFC stockholders consider how to vote their shares at the upcoming Annual Meeting, Four Tree Island believes that stockholders should focus on Executive Chairman Charles Willis’s egregious $52.1 million in total 2025 compensation as disclosed in the Company’s proxy statement, which appears entirely unjustifiable in light of the Company’s size and 2025 total shareholder returns (TSR), and even more absurd when compared to pay levels at far larger, better performing companies.

Equilar, a leading provider of corporate leadership data solutions that specializes in executive compensation, published “Equilar 100: An Early Look at the Highest-Paid CEOs in 2025” on April 23, 2026 (https://www.equilar.com/reports/126-highest-paid-ceos-2026-equilar-100.html).

Using the list of the top 20 highest-paid CEOs in 2025 as identified in Equilar’s report and comparing it with year-end 2025 market capitalizations and 2025 TSR for those companies, WLFC’s compensation practices stand out in stark relief:

If Executive Chairman Willis were included in the Equilar 100 analysis, his 2025 total compensation would place him 18th highest paid, ahead of Nvidia CEO Jensen Huang, despite WLFC’s dramatically smaller scale (0.02% the market capitalization of Nvidia) and weaker stock performance (WLFC’s TSR underperformed that of Nvidia in 2025 by 73%: +39% for Nvidia vs. -34% for WLFC).The smallest market capitalization among companies with a top 20 paid CEO in 2025 was roughly 14x the size of WLFC’s market capitalization.The median market capitalization for a company with a top 20 paid CEO in 2025 was approximately 174x the market capitalization of WLFC.The weakest 2025 TSR for companies with a top 20 paid CEO in 2025 still exceeded WLFC’s 2025 TSR by ~1,300 basis points.The median TSR for a company with a top 20 paid CEO in 2025 was 68% better than WLFC’s 2025 TSR.
In our view, it is impossible to reconcile approximately $52.1 million in 2025 compensation for an Executive Chairman – who is not the Company’s CEO – with the economic reality faced by WLFC’s minority stockholders. When an executive at a small cap company is effectively paid like the leadership of exponentially larger, better performing enterprises, we believe stockholders are entitled to ask whether the Board is fulfilling its fiduciary responsibilities.

Four Tree Island previously outlined significant concerns about WLFC’s governance, related party transactions and executive compensation practices in a letter sent privately to the independent members of the Board on January 6, 2026, which was subsequently made public as an attachment to its March 30, 2026 press release. These concerns focus on whether the Board has exercised appropriate oversight and care in approving executive compensation arrangements and other matters that primarily benefit Executive Chairman Willis.

In his letter to stockholders accompanying the proxy statement for the Annual Meeting, Executive Chairman Willis stated that “the Board values your engagement.” Consistent with that invitation, Four Tree Island Advisory is calling on minority stockholders to send a clear message this year.

Four Tree Island therefore urges WLFC stockholders to:

Vote AGAINST every proposal at the Annual Meeting, except the proposal to ratify Grant Thornton LLP as WLFC’s independent auditor.Recognize that the Company needs to secure support from 80% of the outstanding shares to approve the proposed increase in share capital and potential 3-for-1 forward stock split proposal (the “Charter Amendment”), so minority stockholders will determine whether this proposal passes or not. In our view, the Board has routinely made decisions benefiting Executive Chairman Willis at the expense of minority stockholders, so we question the true motivations for the Board seeking approval of the Charter Amendment. As indicated in Four Tree Island’s original private letter to the Board sent on November 25, 2025 and made public on January 6, 2026, WLFC has suffered a consistent, high rate of stockholder dilution through stock-based compensation. Four Tree Island submits that anything that may be used to potentially further dilute minority stockholders is not deserving of an affirmative vote, and a protest AGAINST vote is warranted based on Executive Chairman Willis’s egregious compensation alone.
Based on an abundance of outreach from fellow WLFC stockholders, Four Tree Island believes that minority investors share serious concerns regarding the Company’s executive compensation, governance and capital allocation. The firm encourages stockholders to convey their views directly to the Board. According to the Company’s proxy statement, communications to the Board may be directed through WLFC’s General Counsel and Corporate Secretary, who can be reached at [email protected].

Stockholders should refer to their proxy materials for detailed instructions on how to vote or change previously submitted votes. According to the Company’s proxy materials, votes must be received by 11:59pm Eastern Time on May 25, 2026, and may be submitted by telephone or online at proxydocs.com/WLFC. Stockholders who have already voted retain the right to change their vote at any time before the deadline.

THIS COMMUNICATION IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY AND DOES NOT REQUEST OR SEEK THE POWER TO ACT AS A PROXY FOR ANY STOCKHOLDER. DO NOT SEND US YOUR PROXY CARD. FOUR TREE ISLAND IS NOT ASKING FOR YOUR PROXY CARD AND WILL NOT ACCEPT PROXY CARDS IF SENT. FOUR TREE ISLAND IS NOT ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.

Contact
Four Tree Island Advisory LLC 
[email protected]
(603) 427-8053

May 13, 2026 16:09 ET  | Source: Willis Lease Finance Corp.

COCONUT CREEK, Fla., May 13, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today its intention to offer, subject to market and other conditions, $175.0 million aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a public offering (the “Notes Offering”) registered under the Securities Act of 1933, as amended (the “Act”). The Company intends to grant the underwriters a 30-day option to purchase up to an additional $25.0 million principal amount of Notes, solely to cover over-allotments, if any. The Company currently intends to use the net proceeds from the issuance of the Notes to temporarily repay amounts outstanding under the Company’s revolving credit facility until deployed for general corporate purposes. There can be no assurance as to whether or when the Notes Offering may be completed or as to the actual size or terms of the offering.

Morgan Stanley & Co. LLC, BofA Securities, and Deutsche Bank Securities Inc. are acting as joint book-running managers for the Notes Offering.

The Notes will be senior, unsecured obligations of the Company, will accrue interest payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2026, and will mature on May 15, 2031, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their Notes in certain circumstances and during specified periods based on the applicable conversion rate. The Company will settle conversions of Notes by paying or delivering, as applicable, cash or a combination of cash and shares of its common stock, at its election.

The Notes will be redeemable, in whole or in part (subject to certain limitations), at the Company’s option at any time, and from time to time, on or after May 21, 2029 and on or before the 41st scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of its common stock exceeds 130% of the conversion price for a specified period of time. The Company may not redeem less than all of the outstanding Notes unless the excess of the principal amount of the Notes outstanding as of the time the Company sends the related redemption notice over the aggregate principal amount of the Notes subject to such redemption is at least $75.0 million.

If a “fundamental change” (which will be defined in the indenture that will govern the Notes to include certain change-of-control events and the delisting of the Company’s common stock) occurs, then, subject to a limited exception, noteholders may require the Company to repurchase their Notes at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date.

The interest rate, initial conversion rate and other terms of the Notes will be determined at the pricing of the Notes Offering.

Concurrently with the Notes Offering, Morgan Stanley & Co. LLC, acting on behalf of itself and/or its affiliates (in such capacity, the “delta underwriter”) intends to offer and sell short, in a separate, underwritten public offering under the Act, a number of shares of the Company’s common stock borrowed from non-affiliate third parties to facilitate hedging transactions by certain investors subscribing for the Notes (the “Concurrent Delta Offering”). The number of shares of the Company’s common stock subject to the Concurrent Delta Offering will be determined at the time of pricing of the Concurrent Delta Offering, will depend on what portion of such investors desire to hedge their investment in the Notes and is expected to be no greater than the commercially reasonable initial short positions of such investors being established to hedge their market risk with respect to the Notes they acquire. No new shares of the Company’s common stock will be issued, and the Company will not receive the proceeds from the short sale of its common stock.

The Concurrent Delta Offering and Notes Offering are contingent upon one another.

The Notes Offering will be made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025 (the “Registration Statement”) and a prospectus supplement. The Notes Offering will be made only by means of a prospectus supplement and an accompanying prospectus. The Concurrent Delta Offering will be made pursuant to the Registration Statement and a prospectus supplement. The Concurrent Delta Offering will be made only by means of a prospectus supplement and an accompanying prospectus. A copy of the preliminary prospectus supplements, together with the accompanying prospectuses and the Registration Statement relating to each offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the preliminary prospectus supplements, together with the accompanying prospectuses relating to each offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, email: [email protected], and a copy of the preliminary prospectus supplement, together with the accompanying prospectus relating to the Notes Offering, may also be obtained from BofA Securities, 201 North Tryon Street, Charlotte, North Carolina 28255, Attention: Prospectus Department, email: [email protected], and from Deutsche Bank Securities Inc., Attention: Prospectus Department, 1 Columbus Circle, New York, New York 10019, telephone: 800-503-4611, email: [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Willis Lease Finance Corporation

Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law. The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

CONTACT:Scott B. Flaherty EVP & Chief Financial Officer (561) 413-0112  

NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm  Bleichmar Fonti & Auld LLP announces an investigation into Willis Lease Finance Corporation's (NASDAQ: WLFC) board of directors as well as executive chairman Charles F. Willis, IV (as the controlling shareholder) for potential breaches of their fiduciary duties to shareholders in connection with WLFC's past and ongoing practices of paying potentially excessive compensation to Mr.

June 01, 2026 14:06 ET  | Source: Four Tree Island Advisory LLC

Notes that Over 92% of Unaffiliated Stockholders Opposed WLFC’s Executive Compensation and Nearly 84% Opposed Re-Election of Stephen Jones

Calls on Stockholders to Continue Opposing Charter Amendment Proposal that would Triple Authorized Share Count at Reconvened Annual Meeting

PORTSMOUTH, N.H., June 01, 2026 (GLOBE NEWSWIRE) -- Four Tree Island Advisory LLC (“Four Tree Island Advisory” or “we”), a top-10 stockholder of Willis Lease Finance Corporation (NASDAQ:WLFC) (“WLFC” or the “Company”) based on public information, today commented on the decisive rebuke to the Company’s Board of Directors and management team delivered by stockholders at the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”).

Based on the voting results from the Annual Meeting disclosed by the Company, nearly 84% of unaffiliated stockholders opposed the re-election of director Stephen Jones, demonstrating a profound lack of confidence in the Company’s governance and oversight. Furthermore, over 92% of unaffiliated stockholders voted AGAINST the Company’s executive compensation program, underscoring widespread dissatisfaction with WLFC’s pay practices.1

WLFC also failed to secure sufficient stockholder support for its proposal to triple the Company’s authorized share count. Rather than accept this outcome, the Company adjourned the Annual Meeting and announced its intention to solicit additional votes in an effort to pass the proposal. A subsequent vote has been scheduled for a reconvened Annual Meeting on June 23, 2026.

Four Tree Island Advisory believes these results reflect a clear and unambiguous message from minority stockholders: fundamental changes are required at the Company.

In our view, stockholders have spoken decisively against entrenched governance practices, excessive compensation and value destructive capital allocation decisions. We believe it is incumbent upon the Board, particularly its independent directors, to respect this mandate rather than attempt to override it through continued solicitation efforts.

Four Tree Island Advisory is urging stockholders to continue to vote AGAINST the proposed increase in authorized shares unless and until the Company implements three critical governance and capital discipline measures:

The cancellation and rescission of the 300,000-share option grant awarded to Executive Chairman Charles Willis in November 2025. The sale of the Company’s luxury superyacht and the sale of one of the Company’s two corporate aircraft, accompanied by a binding commitment not to acquire similar assets in the future. For point of reference, no company in WLFC’s broader peer group (FTAI, AerCap and Air Lease which are 19x, 16x and 5x (at its recent acquisition price) WLFC’s market capitalization, respectively) has more than one corporate aircraft and none has a corporate luxury yacht. A formal agreement that no member of the Willis family will receive any further equity compensation for a minimum of ten years. Four Tree Island Advisory further calls on the Board – especially those designated as independent – to take immediate action to address what it believes can only be described as an egregious compensation and perquisite culture that is plaguing the Company.

We believe that continuing to ignore the will of minority stockholders and the Board’s fiduciary responsibilities risks further erosion of trust and value. We encourage all stockholders to remain engaged and to hold the Board accountable in the coming weeks and beyond subject to fundamental, positive change.

THIS COMMUNICATION IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY AND DOES NOT REQUEST OR SEEK THE POWER TO ACT AS A PROXY FOR ANY STOCKHOLDER. DO NOT SEND US YOUR PROXY CARD. FOUR TREE ISLAND ADVISORY IS NOT ASKING FOR YOUR PROXY CARD AND WILL NOT ACCEPT PROXY CARDS IF SENT. FOUR TREE ISLAND ADVISORY IS NOT ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.

Contact
Four Tree Island Advisory LLC 
[email protected]
(603) 427-8053

______________________________
1 Calculated based on 7,604,821 shares outstanding less 3,768,660 shares owned by the Company’s directors & executive officers as disclosed in the Company’s proxy statement (4,128,608 reported beneficial ownership for directors & executive officers less unexercised options and performance-based awards), and assumes that the Company’s directors & executive officers voted in favor of the proposals.