Willis Lease Finance appoints new Senior Vice President

COCONUT CREEK, Fla. - Willis Lease Finance Corporation (NASDAQ:WLFC), a prominent player in the commercial aircraft engine leasing and aviation services sector with a market capitalization of $957 million, announced the appointment of Z. Clifton Dameron as the new Senior Vice President, General Counsel, and Corporate Secretary. Effective immediately, Dameron will take over the legal oversight responsibilities within the company, succeeding Dean M. Poulakidas, who has chosen to step down after a tenure marked by significant contributions to the firm’s development. The company has demonstrated strong financial performance, with impressive gross profit margins of 90% and revenue growth of 35% over the last twelve months.

Dameron joined WLFC in 2024, with a rich background in aviation and corporate law, previously holding key legal positions at Carlyle Aviation Partners and other notable firms. He aims to build on the legacy of his predecessor and to contribute to WLFC’s leadership in aviation leasing and innovation.

WLFC offers a range of services, including leasing of commercial aircraft engines, auxiliary power units, and aircraft, as well as providing engine and aircraft trading, lease pools, and asset management services through its subsidiary, Willis Asset Management Limited. Additionally, the company provides end-of-life solutions for engines and aviation materials through Willis Aeronautical Services, Inc. According to InvestingPro analysis, WLFC maintains a healthy financial position with a current ratio of 3.08, indicating strong liquidity. Discover 12 more exclusive ProTips and comprehensive financial metrics with an InvestingPro subscription.

The company’s service portfolio also extends to Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO, ground and cargo handling services through its various service centers and divisions. Moreover, Willis Sustainable Fuels is an initiative by the company to develop projects aimed at decarbonizing aviation.

Trading at a P/E ratio of 9.14 and currently showing signs of being slightly undervalued according to InvestingPro’s Fair Value model, WLFC presents an interesting case for investors. The announcement comes with a cautionary note, urging not to place undue reliance on forward-looking statements, which are subject to various risks and uncertainties. For detailed analysis and valuation insights, access WLFC’s comprehensive Pro Research Report, part of InvestingPro’s coverage of over 1,400 US stocks. These statements are based on current expectations and projections about future events. WLFC expressly disclaims any obligation to update any forward-looking statements in the future, except as required by law. The company’s actual results may differ significantly from those discussed in such statements due to a variety of factors, including industry trends, market disruptions, and regulatory changes.

This leadership change is based on a press release statement from Willis Lease Finance Corporation.

In other recent news, Willis Lease Finance Corporation reported significant developments in its Q1 2025 financial performance. The company achieved a revenue of $157.7 million, which surpassed the forecasted $142.11 million and marked a 33% increase from the previous year. However, earnings per share (EPS) were reported at $2.21, falling short of the anticipated $4.01. This discrepancy in EPS contributed to a notable decline in investor sentiment. The company also exercised purchase rights for 30 additional LEAP engines, aligning with its strategic growth initiatives. Portfolio utilization improved to 86.4%, up from 76.7%, showcasing enhanced operational efficiency. Additionally, Willis Lease announced a new partnership with Air India Express and a joint venture to build an engine test facility in Florida. These recent developments reflect the company’s ongoing efforts to expand its leasing solutions and service capabilities in the aviation industry.

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