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Willis Lease Finance Corp.
Willis Lease Finance Net Income Grows 46 Percent to $6.4 Million in 2Q08
NOVATO, Calif., Aug. 11, 2008 (PRIME NEWSWIRE) -- Willis Lease Finance Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines, today reported the ongoing growth of its engine portfolio, high utilization and strong market demand for leased engines contributed to 20% year-over-year revenue growth in the second quarter of 2008. Willis Lease net income available to common stockholders increased 56% to $5.6 million, or $0.64 per diluted share, in the second quarter of 2008, compared to $3.6 million, or $0.42 per diluted share, in the like quarter a year ago. In the first half of 2008, net income available to common stockholders grew 38% to $10.0 million, or $1.14 per diluted share, from $7.2 million, or $0.84 per diluted share in the like period of 2007.