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

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