Willis Lease Finance Earns $9.7 Million or $1.17 per Share in Second Quarter

George Clooney Ought To Stick To Filmmaking, And Leave Finance To Daniel Loeb

About Willis Lease Finance Willis Lease Finance Corporation leases spare commercial aircraft engines and aircraft to commercial airlines, aircraft engine manufacturers, air cargo carriers and maintenance, repair and overhaul facilities worldwide. These leasing activities are integrated with the purchase and resale of used and refurbished commercial aircraft engines and aircraft. Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made; and we undertake no obligation to update them.

To the above, Clooney has lashed out, calling Loeb a carpetbagger who knows nothing about our business. And to show how silly modern economic discourse has become, Clooney laughably asserted that Hedge-fund guys do not create jobs, and we [in the movie industry] do. Not so fast. In Clooneys defense, hes not alone in his views about capital allocators like Loeb. But to be clear, and with job-creating growth in mind, if hedge funds didnt exist wed have to invent them. Hedge funds, as their high profits and losses indicate, take the risks that no one else will, and their profits/losses provide precious market signals telling investors where capital is needed, and where its not.


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