WILLIS LEASE FINANCE CORP — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Willis Lease reported Q2 2026 net income attributable to common shareholders of $28.7M (down 51% YoY on a GAAP basis, but up 80% excluding the $43M BAML sale gain from Q2 2025). Lease rent revenue grew 6.7% to $77.1M; Adjusted EBITDA reached $120.7M (+4% YoY). The company seeded $300M in assets to establish Willis Aviation Capital joint ventures with Liberty Mutual Investments (~$103M deployed in Q1-Q2) and Blackstone Credit & Insurance (~$204M deployed in Q2), targeting $600M committed capital. Assets under management grew 21% YoY to $4.4B. Separately, the company issued $200M of 5-year, 2.5% senior convertible notes (40% conversion premium) and signed a definitive agreement to acquire 12 aircraft and 13 engines for ~$379.3M.
Why this rating
Core leasing growth modest (+7% lease rent); Willis Aviation Capital is strategic but early-stage with fees still nascent. Convertible offering and M&A commitments (~$379M) are meaningful relative to ~$577M market cap but execution risk remains. Moderate positive trajectory.
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