KUALA LUMPUR, Feb 7 -- Willis Lease Finance Corporation has entered into an agreement with Scandinavian Airline System (SAS) to manage the phase-out of SAS’ Boeing 737NG installed engine fleet over the next four years.
According to senior vice-president (Corporate Development), Austin C. Willis in a statement, the Willis orchestrated phase-out may allow SAS to realise superior returns from the monetisation of its assets over time relative to an outright sale today.
“Willis Lease is uniquely positioned to manage such a programme due to its industry leading lease remarketing and part out capabilities, Part 145 repair stations, power plant engineering capabilities and its successful history of profitably managing third party assets.”
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers in 120 countries.
-- BERNAMA
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