Willis Lease Finance Corporation's (WLFC) MRO services subsidiary Wilis Aviation Services has signed a 250-year lease for an additional 50 acres at Teesside International Airport in Northeastern England.
The company said the agreement reflects its “long-term confidence in the Northeast England region” and the expansion will increase its services capacity.
“With this acquisition, we take another strategic step toward offering end-to-end aviation services and supporting the continued growth of the United Kingdom's aviation industry,” said WLFC's executive chairman Charles Willis.
“Their investment in a new twin-bay hangar launched this week, and the new maintenance contracts they’ve secured in the past year, show just how serious their team is when it comes to growing here and creating more well-paid, skilled jobs in Teesside," said Teesside Airport managing director Phil Foster.