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

Willis Lease Finance Corp 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.

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