Willis Lease’s ConstantThrust Program Powers Sale Leaseback of Three 737NG Aircraft with Fiji Airways

Willis Lease Finance Corporation (NASDAQ:WLFC) completed a sale and leaseback transaction on three 737NG aircraft with Fiji Airways, supported by the Willis Lease ConstantThrust™ program. The deal includes elements from Willis Lease's leasing, trading, and materials businesses to provide a comprehensive tailored solution designed to support Fiji Airways' fleet renewal plan as they transition out of Boeing 737NGs and into the Boeing 737MAX.

"We are very pleased to have completed this transaction and are proud to support Fiji Airways," said Brian R. Hole, President of Willis Lease Finance. "Through our ConstantThrust™ program, Fiji Airways will leverage access to our fleet planning capabilities and existing CFM56-7B portfolio to reduce or eliminate the need for engine maintenance as these aircraft transition out of Fiji Airways' fleet. When an engine needs to be removed, we will simply provide a replacement and when the aircraft are ready to exit the fleet, the re-delivery process will be seamless with few airframe return conditions," said Mr. Hole. "It is an honor to welcome Fiji Airways to the growing stable of airlines who are taking advantage of the considerable cost benefits and fleet flexibility that our ConstantThrust™ program brings to airlines bridging from current generation to new technology aircraft."

"We selected Willis Lease because of their unique ability to create and deliver a custom built, comprehensive and cost-effective solution that will significantly lower the cost of operating our 737NG fleet as those aircraft transition out of our fleet and our new 737MAX aircraft transition in," said Andre Viljoen, Managing Director & CEO of Fiji Airways. "We are looking forward to building a relationship with Willis Lease to ensure our narrow body fleet transition remains seamless and our customer experience is consistent."