Willis Lease Finance Corporation (WLFC) closed two additional Japanese Operating Lease with Call Option (JOLCO) transactions in March 2026, adding $50 million in term financing to its balance sheet. The new deals bring WLFC’s cumulative JOLCO financing to nearly $150 million and both agreements mature in 2031.
The financing backs WLFC’s growing fleet of CFM International LEAP‑1A and LEAP‑1B engines, the most fuel‑efficient engines in the commercial market. “The JOLCO market provides the Company another term financing solution, allowing us to further diversify capital sources and to continue to offer competitive alternatives to our airline customers,” said Scott B. Flaherty, EVP and Chief Financial Officer.
WLFC has steadily expanded its JOLCO portfolio since the first transaction in August 2023. By April 2025 the company had completed three JOLCO deals totaling $64.8 million, bringing total JOLCO financing to $119.8 million. The latest $50 million addition therefore represents a significant acceleration in the use of this capital source.
The new financing follows WLFC’s recent amendment and extension of its $1.75 billion revolving credit facility, which also matures in 2031. The facility’s oversubscription and the company’s record 2025 revenue of $730.2 million—up 28.3 % year‑over‑year—underscore WLFC’s strong liquidity position and its ability to secure favorable financing terms.
By adding JOLCO debt, WLFC strengthens its capital structure while maintaining flexibility to support future‑generation engine leasing. The move positions the company to continue offering competitive financing options to airline customers and to capitalize on the growing demand for LEAP engines as airlines modernize their fleets.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.