Core Insights - Willis Lease Finance Corporation's subsidiary, Willis Aviation Services Limited, has begun construction of a new two-bay narrowbody hangar at Teesside International Airport to enhance its aircraft maintenance capabilities [1][2] - The expansion aims to address the high demand for aircraft heavy maintenance, which is currently exceeding capacity in the global and European markets [2] - The new facility is expected to create several hundred highly-skilled jobs in Northeast England and will include training programs in partnership with local educational institutions [2][3] Company Overview - Willis Lease Finance Corporation specializes in leasing commercial aircraft engines and providing aviation services globally, including maintenance, repair, and overhaul [4] - The company integrates its leasing activities with engine and aircraft trading, asset management, and end-of-life solutions for aviation materials [4] - Willis Sustainable Fuels is focused on developing projects aimed at decarbonizing the aviation sector [4]