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COCONUT CREEK, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC” or the "Company”), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce that it has entered into a transaction with Pratt & Whitney for the purchase of nine new PW1133G-JM aircraft engines, with all purchases expected to occur by December 31, 2024. Pratt & Whitney's GTF engines enable up to 20% better fuel efficiency compared to aircraft powered by the prior generation of engines, are certified for operation on 50% sustainable aviation fuel ("SAF”) and have been successfully tested on 100% SAF. The transaction, valued at approximately $200 million based on Pratt & Whitney's 2024 list prices, is another big step towards providing the most modern and in-demand engines to airlines over the long term. Pratt & Whitney is an RTX (NYSE: RTX) business. "We are thrilled to deepen our partnership with Pratt & Whitney as we continue to invest in cutting-edge, fuel-efficient, engines that deliver environmental benefits. This collaboration aligns perfectly with our growth strategy and will help our customers keep their A320 aircraft flying for the foreseeable future,” said Austin C. Willis, WLFC's Chief Executive Officer. For more information on Willis Lease Finance Corporation, visit www.wlfc.global . Willis Lease Finance Corporation Willis Lease Finance Corporation ("WLFC”) 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 ® , Jet Centre by Willis, and Willis Aviation Services Limited, the Company's 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. 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's 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's Annual Report on Form 10-K and other continuing and 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's cautionary statements under the Private Securities Litigation Reform Act of 1995. CONTACT: Lynn Mailliard Kohler Manager Corporate Communications [email protected] 415.328.4798Winners, losers as Rams beat 49ers 12-6 on Thursday Night Football

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Putin boasts of "Oreshnik" and offers the West a "duel" with a strike on Kyiv. VideoANN/THE STAR – Philippine Vice-President Sara Duterte-Carpio is facing three impeachment complaints over her refusal to account for over USD10 million in “confidential funds” her offices distributed to unknown entities, including those seemingly using aliases derived from popular snack and restaurant brands. Observers said the scandal reflects broader concerns over the growing use of and lack of oversight on such government expenditures. The impeachment complaints, lodged this month by civic groups, left-wing activists and lawyers, accuse Duterte-Carpio of refusing to account for the substantial sums handed out by her offices to recipients bearing dubious identities. State auditors reported last month that, between 2022 and 2023, the Office of the Vice-President (OVP) and the Department of Education, which Duterte-Carpio led until resigning from the role in June, spent PHP612.5 million (USD10.5 million) in confidential funds. Both offices issued substantial checks to hundreds of people, later producing as proof acknowledgement receipts (ARs) signed by individuals using names that appear to be related to famous snacks and restaurant chains. Congressional investigators highlighted how some signatories’ purported monikers appeared to be cobbled together from these brand names. One that transfixed the public – “Mary Grace (a popular cafe) Piattos (a potato crisp brand)” – was given PHP70,000 for medicines in December 2022. Several others, such as “Chippy (corn chips) McDonald” and “Carlos Miguel Oishi (the surname, a famous snack brand)”, also raised eyebrows. The Philippine Statistics Authority told investigating congressmen it found zero records supporting the existence of a person named Mary Grace Piattos, adding that out of the 677 ARs provided, 405 of the signatories had no proof of existence or birth certificates.

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