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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 27, 1998
WILLIS LEASE FINANCE CORPORATION
(Exact name of registrant as specified in its charter)
CALIFORNIA 0-28774 68-0070656
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) file number) identification no.)
180 Harbor Drive, Suite 200 94965-2846
Sausalito, CA (Zip code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (415) 331-5281
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ITEM 5. OTHER EVENTS.
A copy of Willis Lease Finance Corporation's press release dated April
27, 1998, announcing the hiring of W. Nolan Untiedt as President of
Willis Aeronautical Services, Inc., the spare parts subsidiary of
Willis Lease Finance Corporation, is filed as an exhibit to this
Current Report on Form 8-K.
(c) Exhibits.
Exhibit 99.1 Press Release dated April 27, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WILLIS LEASE FINANCE CORPORATION
Dated: April 30, 1998 By /s/ JAMES D. MCBRIDE
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James D. McBride
Executive Vice President and
Chief Financial Officer
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EXHIBIT 99.1 Phone: 415-331-5281
Fax: 415-331-0607
Web: www.wlfc.com
[LOGO]
FOR RELEASE
Monday, April 27, 1998
Len Cereghino & Co. CLIENT: WILLIS LEASE FINANCE
CORPORATE INVESTOR RELATIONS CONTACT: James D. McBride
2605 Western Ave., Seattle, WA 98121 Chief Financial Officer
(206) 448-1996 (415) 331-5281
NEWS RELEASE
NOLAN UNTIEDT JOINS WILLIS LEASE FINANCE
AS PRESIDENT OF ITS SPARE PARTS SUBSIDIARY
San Francisco, CA - April 27, 1998 - Willis Lease Finance Corporation
(NASDAQ: WLFC) today announced the continued expansion of its management team,
through the hiring of W. Nolan Untiedt. Mr. Untiedt will assume the position of
President of Willis Aeronautical Services, Inc. (WASI), the spare parts
subsidiary of WLFC.
"The rapid growth of our spare parts business combined with the added
complexities of managing a larger business lead to the decision to hire Mr.
Untiedt," stated Charles F. Willis, President and CEO.
Mr. Untiedt will take over the President's position from Ted Dibble who has
been President of WASI since its inception in 1994. The decision to hire Mr.
Untiedt was made with the complete endorsement of Mr. Dibble, who will now
become Executive Vice President of WASI and will focus on inventory acquisitions
such as the recently announced agreement to acquire twelve B747-100's from
United Air Lines, as well as other strategic projects. "The combination
of Mr. Untiedt and Mr. Dibble will provide WASI with the leadership we feel is
necessary to manage and grow the business," stated Willis.
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Mr. Untiedt had been with United Air Lines for over 30 years and held a
wide variety of management positions. His career began in the Finance
Department and included assignments in Technical Sales, Maintenance Contract
Marketing, Administration, and Customer Service. More recently he directed the
development and implementation of new sales strategies for excess engines,
engine modules, and airframe parts.
Willis Lease Finance Corporation provides operating leases of spare
commercial aircraft engines, aircraft and spare parts worldwide to commercial
airlines, aircraft engine manufacturers and overhaul/repair facilities. The
company also engages in the purchase and resale of used and refurbished
commercial aircraft engines and airframe and engine components.
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NOTE: Transmitted on PR Newswire at 4:40 p.m. PDT, April 27, 1998.
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