{"id":830390,"date":"2025-03-27T06:33:49","date_gmt":"2025-03-27T10:33:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/air-india-express-and-willis-lease-finance-corporation-ink-engine-sale-leasebacks-with-constantthrust\/"},"modified":"2025-03-27T06:33:49","modified_gmt":"2025-03-27T10:33:49","slug":"air-india-express-and-willis-lease-finance-corporation-ink-engine-sale-leasebacks-with-constantthrust","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/air-india-express-and-willis-lease-finance-corporation-ink-engine-sale-leasebacks-with-constantthrust\/","title":{"rendered":"Air India Express and Willis Lease Finance Corporation Ink Engine Sale &amp; Leasebacks with ConstantThrust\u00ae"},"content":{"rendered":"<div class=\"mw_release\">\n<p>COCONUT CREEK, Fla., March  27, 2025  (GLOBE NEWSWIRE) &#8212; Air India Express<em> (\u201c<\/em>AIX\u201d), a wholly owned subsidiary of Air India, has signed definitive engine sale and leaseback agreements with Willis Lease Finance Corporation (NASDAQ: WLFC) (\u201cWLFC\u201d or the \u201cCompany\u201d) for 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft. The engines will be covered under WLFC\u2019s ConstantThrust<sup>\u00ae<\/sup> program providing enhanced reliability and significant cost savings compared to traditional MRO shop visits. This program is in addition to the ConstantThrust<sup>\u00ae<\/sup> program signed by WLFC and Air India in 2022, covering 34 CFM56-5B engines installed on Air India\u2019s Airbus A320 family fleet. Both programs will be managed in part by WLFC\u2019s team located in GIFT City, India.<\/p>\n<p>WLFC\u2019s ConstantThrust<sup>\u00ae<\/sup> program helps airlines manage the risk and cost of engine overhauls by providing serviceable engines from its portfolio in place of engines that need to be removed for maintenance. This streamlined process reduces engine downtime, eliminates maintenance unpredictability, and lowers engine change costs, enabling airlines to focus on their core operations without disruption.<\/p>\n<p>\u201cWLFC\u2019s ConstantThrust<sup>\u00ae<\/sup> program has been successful so far for Air India and we are pleased to expand our partnership with WLFC in support of the Air India Express fleet,\u201d said Aloke Singh, Chief Executive Officer of Air India. \u201cThis agreement allows us to eliminate the uncertainties associated with engine maintenance and mitigate unpredictable costs. WLFC\u2019s ConstantThrust<sup>\u00ae<\/sup> program will help us improve fleet reliability, reduce cost and optimize cash flows.\u201d<\/p>\n<p>\u201cWe believe Air India Express\u2019 decision to select ConstantThrust<sup>\u00ae<\/sup> evidences that Air India is realizing value from our ConstantThrust<sup>\u00ae<\/sup> program and also validates our team\u2019s performance on that program, \u201d said Brian R. Hole, President of Willis Lease Finance Corporation. \u201cThis is a great opportunity for us to continue supporting the growth of the Indian aviation industry, in general, and the Air India family of airlines, specifically.\u201d<\/p>\n<p>\u201cWe greatly value our long-standing relationship with Air India and are excited to continue providing innovative, programmatic solutions that deliver enhanced flexibility and cost efficiency for Air India Express and our global customers,\u201d said Austin C. Willis, Chief Executive Officer of WLFC.<\/p>\n<p align=\"justify\">\n        <strong>Willis Lease Finance Corporation<\/strong><br \/>\n        <br \/>Willis Lease Finance Corporation (\u201cWLFC\u201d) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center\u00ae, Jet Centre by Willis, and Willis Aviation Services Limited, the Company\u2019s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.<\/p>\n<p align=\"justify\">Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company\u2019s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company\u2019s Annual Report on Form 10-K and other continuing \u00a0and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company\u2019s cautionary statements under the Private Securities Litigation Reform Act of 1995.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>NEWS RELEASE<\/strong>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>CONTACT:<\/strong>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0Lynn Mailliard Kohler<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0Director, Global Corporate Communications<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0(415) 328-4798<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMTgxMyM2ODM2OTQ3IzIwMjY5MDg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MzE0ZWRhYjQtNmRjNy00MWFjLTgwYzUtMzIxMDQxMDBlODJhLTEwMzg1NDQtMjAyNS0wMy0yNy1lbg==\/tiny\/Willis-Lease-Finance-Corp-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>COCONUT CREEK, Fla., March 27, 2025 (GLOBE NEWSWIRE) &#8212; Air India Express (\u201cAIX\u201d), a wholly owned subsidiary of Air India, has signed definitive engine sale and leaseback agreements with Willis Lease Finance Corporation (NASDAQ: WLFC) (\u201cWLFC\u201d or the \u201cCompany\u201d) for 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft. The engines will be covered under WLFC\u2019s ConstantThrust\u00ae program providing enhanced reliability and significant cost savings compared to traditional MRO shop visits. This program is in addition to the ConstantThrust\u00ae program signed by WLFC and Air India in 2022, covering 34 CFM56-5B engines installed on Air India\u2019s Airbus A320 family fleet. Both programs will be managed in part by WLFC\u2019s team located in GIFT City, India. WLFC\u2019s ConstantThrust\u00ae program &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/air-india-express-and-willis-lease-finance-corporation-ink-engine-sale-leasebacks-with-constantthrust\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Air India Express and Willis Lease Finance Corporation Ink Engine Sale &amp; Leasebacks with ConstantThrust\u00ae&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830390","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Air India Express and Willis Lease Finance Corporation Ink Engine Sale &amp; Leasebacks with ConstantThrust\u00ae - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/air-india-express-and-willis-lease-finance-corporation-ink-engine-sale-leasebacks-with-constantthrust\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air India Express and Willis Lease Finance Corporation Ink Engine Sale &amp; Leasebacks with ConstantThrust\u00ae - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"COCONUT CREEK, Fla., March 27, 2025 (GLOBE NEWSWIRE) &#8212; Air India Express (\u201cAIX\u201d), a wholly owned subsidiary of Air India, has signed definitive engine sale and leaseback agreements with Willis Lease Finance Corporation (NASDAQ: WLFC) (\u201cWLFC\u201d or the \u201cCompany\u201d) for 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft. The engines will be covered under WLFC\u2019s ConstantThrust\u00ae program providing enhanced reliability and significant cost savings compared to traditional MRO shop visits. This program is in addition to the ConstantThrust\u00ae program signed by WLFC and Air India in 2022, covering 34 CFM56-5B engines installed on Air India\u2019s Airbus A320 family fleet. Both programs will be managed in part by WLFC\u2019s team located in GIFT City, India. WLFC\u2019s ConstantThrust\u00ae program &hellip; Continue reading &quot;Air India Express and Willis Lease Finance Corporation Ink Engine Sale &amp; Leasebacks with ConstantThrust\u00ae&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/air-india-express-and-willis-lease-finance-corporation-ink-engine-sale-leasebacks-with-constantthrust\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T10:33:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMTgxMyM2ODM2OTQ3IzIwMjY5MDg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/air-india-express-and-willis-lease-finance-corporation-ink-engine-sale-leasebacks-with-constantthrust\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/air-india-express-and-willis-lease-finance-corporation-ink-engine-sale-leasebacks-with-constantthrust\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Air India Express and Willis Lease Finance Corporation Ink Engine Sale &amp; 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The engines will be covered under WLFC\u2019s ConstantThrust\u00ae program providing enhanced reliability and significant cost savings compared to traditional MRO shop visits. This program is in addition to the ConstantThrust\u00ae program signed by WLFC and Air India in 2022, covering 34 CFM56-5B engines installed on Air India\u2019s Airbus A320 family fleet. Both programs will be managed in part by WLFC\u2019s team located in GIFT City, India. 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