Willis Lease Finance Corporation $(WLFC)$, a leading lessor of commercial aircraft engines, has completed the sale of its consultancy and advisory arm, Bridgend Asset Management Limited (BAML), to its long-standing joint venture with Mitsui & Co., Ltd., Willis Mitsui & Co. Engine Support Limited (WMES). With this transaction, BAML has been renamed Willis Mitsui & Co. Asset Management Limited (WAML), reflecting its new position within the joint venture structure. This move enhances the capabilities of WMES by integrating technical consultancy and records management services, thereby expanding its reach and efficiency in aviation asset management. WLFC retains a 50% ownership in WMES, and both companies aim to leverage this partnership to better serve the global aviation market and drive significant growth in their joint operations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.