Willis Lease to Manage Phase-Out of Scandinavian Airline Systems’ 737NG Installed Engine Fleet
Willis lease Finance corporation (WLFC) introduced today that it has entered into an agreement with Scandinavian Airline system (“SAS”) to control the phase-out of SAS’s Boeing 737NG set up engine fleet over the next 4 years.
“The Willis orchestrated section-out may additionally allow for SAS to recognise advanced returns from the monetization of its assets through the years relative to an outright sale these days,” stated Austin C. Willis, Senior vice president of company development. “Willis hire is uniquely located to manage this type of program because of its enterprise main hire remarketing and element out capabilities, component a hundred forty five restore stations, power plant engineering skills and its a success history of profitably dealing with 1/3 party assets.”
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