Exhibit 23.1


                  REPORT OF INDEPENDENT ACCOUNTANTS' AND CONSENT


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

    Under date of March 21, 2001, we reported on the consolidated balance
sheets of Willis Lease Finance Corporation (the "Company") as of December 31,
2000 and 1999, 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, 2000, 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
March 21, 2001 and March 27, 2000, relating to the consolidated balance sheets
of Willis Lease Finance Corporation as of December 31, 2000, and 1999, 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,
2000, and the related financial statement schedule, which reports appear in the
December 31, 2000, annual report on Form 10K of Willis Lease Finance
Corporation.



SAN FRANCISCO, CALIFORNIA
MARCH 27, 2001