Willis Lease(WLFC) Newsfilter·2025-04-23 13:00Company Overview - Willis Lease Finance Corporation (WLFC) is a leading lessor of commercial aircraft engines and a global provider of aviation services [1][4] - The company operates through various subsidiaries, including Willis Aviation Services Limited (WASL), which specializes in aircraft maintenance, repair, and overhaul (MRO) services [1][4] Expansion Plans - WASL has commenced construction of a new two-bay narrowbody hangar at Teesside International Airport, aimed at accommodating 737 and A320 family aircraft, including new-generation models [1][2] - This expansion is a response to the exceptionally high demand for aircraft heavy maintenance, with global and European MRO capacity currently falling short [2] Job Creation and Training Initiatives - The new facility is expected to create a significant number of highly-skilled jobs in the Teesside region [2] - WASL is partnering with local universities and colleges to launch training programs for new mechanics and apprentices, ensuring a sustainable talent pipeline for the aviation industry [2][3] Commitment to Community - The company has made a commitment to create several hundred jobs in Northeast England and is actively following through on this pledge [3] - WLFC's integrated services support both third-party customers and the company's owned and managed assets, contributing to growth and opportunities in local communities [3]