Willis Lease Finance, a lessor of commercial aircraft engines and global provider of aviation services, closed the transaction to acquire 12 commercial aircraft and 13 aircraft engines.
The acquisition expands Willis Lease’s aviation asset portfolio and provides additional opportunities to leverage the company’s integrated leasing, asset management, technical and aftermarket capabilities.
“We believe this acquisition represents an attractive opportunity to put capital to work in assets that fit well with our existing business,” Austin C. Willis, CEO of Willis Lease, said. “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 served as legal counsel to Willis Lease, and PricewaterhouseCoopers provided accounting, tax and financial due diligence services to Willis Lease 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.
