Willis Lease Finance JV with Global Engine Maintenance to build engine test facility in Florida

WILLIS LEASE FINANCE CORP

Subsidiary WERC and GEM form JV Willis Global Engine Testing (WGET) for engine test cell in West Palm Beach, FL.
Facility to initially service CFM56-5B and CFM56-7B engines; capable of accommodating future engine types.
JV to address shortage of test cell capacity in North America, improving turnaround times for WLFC, GEM, and third parties.
Groundbreaking expected in late 2025; combines WLFC leasing expertise with GEM MRO specialization.

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