 COCONUT CREEK, Fla., March 15, 2021 GLOBE NEWSWIRE -- Willis Lease Finance Corporation NASDAQ: WLFC today reported annual total revenues of 288.7 million and pre-tax profit of 17.3 million for the year ended December 31, 2020. The Company reported lower revenue in 2020 when compared to the prior year, primarily due to the impact of the COVID-19 pandemic. The slowdown in global travel has led to a reduction in aircraft and engine utilization as well as a reduction in demand for aircraft and engine spare parts which keep airline fleets in operation. For the year ended December 31, 2020, aggregate lease rent and maintenance reserve revenues were 248.3 million and spare parts and equipment sales were 18.6 million. 