Willis Lease Finance, a lessor of commercial aircraft engines and a global provider of aviation services, established a program developed in collaboration with CFM International, with the goal of extending the operational life of CFM56-5B and CFM56-7B engines.
The program enables Willis Lease to keep CFM56-5B and CFM56-7B engines in service longer by restoring core components rather than fully disassembling the engine.
“This program represents a meaningful evolution in how we manage engine assets,” Austin C. Willis, CEO of Willis Lease, said. “By using this program to perform shop visits in our own shops as well as others, we expect to offer our customers a high-quality product at a reasonable price.”
Gaël Méheust, president and CEO of CFM International, said, “With this agreement, WLFC will benefit from OEM material to service their CFM56 engines. CFM56 engines have set standards for reliability and time on wing — benefits which this contract will extend well into the future for WLFC’s customers.”
Willis Lease has identified and inducted an initial group of engines for participation and will seek to grow it across additional assets over time.
