EX 23.1


     CONSENT AND REPORT ON SCHEDULE II OF KMPG LLP INDEPENDENT ACCOUNTANT



TO THE BOARD OF DIRECTORS OF WILLIS LEASE FINANCE CORPORATION AND
SUBSIDIARIES:

    Under date of February 17, 2000, we reported on the consolidated balance
sheets of Willis Lease Finance Corporation (the "Company") as of December 31,
1999 and 1998, and the related consolidated statements of income, changes in
shareholders' equity, and cash flows for each of the years in the three-year
period ended December 31, 1999, which are included in Form 10K. In connection
with our audits of the aforementioned consolidated financial statements, we
also audited the related consolidated financial statement schedule, Valuation
Accounts, in Form 10K. This financial statement schedule is the
responsibility of the Company's management. Our responsibility is to express
an opinion on this financial statement schedule based on our audits. In our
opinion, such financial statement schedule, when considered in relation to
the basic consolidated financial statements taken as a whole, presents
fairly, in all material respects, the information set forth therein.

    We consent to incorporation by reference in the registration statement
(No. 333-15343) on Form S-8 of Willis Lease Finance Corporation of our
reports dated February 17, 2000, and March 27, 2000, relating to the
consolidated balance sheets of Willis Lease Finance Corporation as of
December 31, 1999, and 1998, and the related consolidated statements of
income, changes in shareholders' equity, and cash flows for each of the years
in the three-year period ended December 31, 1999, and the related financial
statement schedule, which reports appear in the December 31, 1999, annual
report on Form 10K of Willis Lease Finance Corporation.


SAN FRANCISCO, CALIFORNIA
MARCH 27, 2000