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Stock Market & Financial Investment News

News Breaks
June 9, 2014
09:04 EDTWLFCWillis Lease, CASC announce engine leasing joint venture
Willis Lease Finance and China Aviation Supplies Import & Export Corporation announced the launch of CASC Willis Engine Lease, a new 50/50 joint venture. The new company will be dedicated to supplying Chinese airlines with the best engine support solutions and creating an engine resource sharing platform. CASC Willis will be based in Shanghai and will concentrate on meeting the demand for leased commercial aircraft engines and aviation assets in the People's Republic of China. The formation of the joint venture company is subject to board approvals and certain Chinese government approvals, which are in process and expected in the near term.
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