Item 8.01 Other Events

On September 24, 2008 Willis Lease Finance Corporation (the "Company") and WEST Engine Funding LLC, an indirect subsidiary of the Company, pursuant to an Asset Purchase Agreement dated September 24, 2008, sold their respective beneficial interests in 10 jet turbine engines, subject to existing leases, to GSI Engines Gamma Limited Partnership for an aggregate purchase price of $63 million.

On October 9, 2008, the Company issued a Press Release announcing this transaction. A copy of this Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

The following Exhibit is being furnished herewith:

Exhibit
No. Description

99.1 Press Release issued October 9, 2008

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