Willis Lease Finance Corporation Leases an Additional 50 Acres at Teesside International Airport
Willis Lease Finance (NASDAQ: WLFC) subsidiary Willis Aviation Services Limited signed a 250-year lease for 50 acres at Teesside International Airport on Oct. 21, 2025 to expand maintenance, repair and overhaul (MRO) capacity in Northeast England. The move follows the launch of a new twin-bay hangar and recent maintenance contracts, and company leaders say the expansion supports long-term operations, regional investment and job creation at Teesside.
Local officials described the agreement as a major long-term commitment expected to strengthen Teesside’s position as an MRO hub and contribute to the airport’s financial footing and employment growth.
Willis Lease Finance (NASDAQ: WLFC) sussidiaria Willis Aviation Services Limited ha firmato un affitto di 250 anni per 50 acri presso l'Aeroporto Internazionale Teesside il 21 ottobre 2025 per espandere la capacita di manutenzione, riparazione e revisione (MRO) nel Nordest dell'Inghilterra. La mossa segue l'apertura di un nuovo hangar a doppia baia e contratti di manutenzione recenti, e i vertici dell'azienda affermano che l'espansione sostiene operazioni a lungo termine, investimenti regionali e creazione di posti di lavoro a Teesside.
Le autorità locali hanno descritto l'accordo come un impegno importante a lungo termine che si prevede rafforzerà la posizione di Teesside come hub MRO e contribuirà alla solidità finanziaria dell'aeroporto e alla crescita dell'occupazione.
Willis Lease Finance (NASDAQ: WLFC), la subsidiaria Willis Aviation Services Limited, firmó un arrendamiento de 250 años para 50 acres en el Aeropuerto Internacional Teesside el 21 de octubre de 2025 para ampliar la capacidad de mantenimiento, reparación y revisión (MRO) en el noreste de Inglaterra. El movimiento sigue al lanzamiento de un nuevo hangar de dos bahías y contratos de mantenimiento recientes, y los líderes de la empresa dicen que la expansión apoya operaciones a largo plazo, inversión regional y creación de empleo en Teesside.
Las autoridades locales describieron el acuerdo como un compromiso importante a largo plazo que se espera fortalezca la posición de Teesside como centro de MRO y contribuya a la situación financiera del aeropuerto y al crecimiento del empleo.
Willis Lease Finance (NASDAQ: WLFC)의 자회사인 Willis Aviation Services Limited가 2025년 10월 21일 Teesside 국제공항에서 50에이커 규모의 250년 임대를 체결하여 잉글랜드 북동부의 MRO(유지보수 및 대수리) 능력을 확장했습니다. 이 조치는 더블 베이Hangar의 신설과 최근의 유지보수 계약에 따른 것으로, 경영진은 확장이 Teesside에서의 장기 운영, 지역 투자 및 일자리 창출을 지원한다고 말합니다.
현지 당국은 이 합의를 Teesside의 MRO 허브로서의 위치를 강화하고 공항의 재정적 기반과 고용 성장을 돕는 중요한 장기 약속으로 설명했습니다.
Willis Lease Finance (NASDAQ: WLFC), filiale de Willis Aviation Services Limited, a signé un bail de 250 ans pour 50 acres à l'aéroport international Teesside le 21 octobre 2025 afin d'accroître la capacité de maintenance, réparation et révision (MRO) dans le nord-est de l'Angleterre. Cette démarche fait suite à l'ouverture d'un nouveau hangar à deux baies et à des contrats de maintenance récents, et les dirigeants de l'entreprise déclarent que l'expansion soutient les opérations à long terme, l'investissement régional et la création d'emplois à Teesside.
Les autorités locales ont décrit l'accord comme un engagement à long terme majeur qui devrait renforcer la position de Teesside en tant que hub MRO et contribuer à la solidité financière de l'aéroport et à la croissance de l'emploi.
Willis Lease Finance (NASDAQ: WLFC), Tochtergesellschaft Willis Aviation Services Limited, unterzeichnete am 21. Oktober 2025 einen 250-Jahre-Mietvertrag für 50 Acres am Teesside International Airport, um die Instandhaltungs-, Reparatur- und Überholungskapazitäten (MRO) im Nordosten Englands auszubauen. Die Maßnahme folgt auf die Einführung eines neuen Twin-Bay-Hangars und jüngste Wartungsverträge, und die Geschäftsführung sagt, dass die Expansion langfristige Betriebe, regionale Investitionen und die Schaffung von Arbeitsplätzen in Teesside unterstützt.
Lokale Beamte beschrieben die Vereinbarung als bedeutendes langfristiges Engagement, das voraussichtlich Teessides Stellung als MRO-Hub stärken und zum finanziellen Fundament des Flughafens sowie zum Beschäftigungswachstum beitragen wird.
أعلنت Willis Lease Finance (adrid الولايات المتحدة: WLFC)، التابعة لها Willis Aviation Services Limited، عن توقيع عقد إيجار لمدة 250 عامًا لمساحة 50 فدانًا في مطار Teesside الدولي في 21 أكتوبر 2025 لتوسيع قدرة الصيانة والإصلاح والمعايرة (MRO) في شمال شرق إنجلترا. تأتي الخطوة عقب تدشين Hangar ببوابات مزدوجة وعقود صيانة حديثة، ويقول قادة الشركة إن التوسع يدعم العمليات على المدى الطويل والاستثمار الإقليمي وخلق فرص عمل في Teesside.
وصف المسؤولون المحليون الاتفاق بأنه التزام طويل الأجل رئيسي من المتوقع أن يعزز موقع Teesside كمركز MRO ويساهم في الاستقرار المالي للمطار ونمو التوظيف.
威利斯租赁金融公司（纳斯达克股票代码：WLFC）的子公司 Willis Aviation Services Limited 于 2025 年 10 月 21 日在泰斯赛国际机场签署了为期 250 年、50 英亩的租约，以扩大英国东北部的维护、检修与大修（MRO）能力。此次举措在推出新的双 bay 机库和最近的维护合同之后，公司的领导层表示扩张将支持长期运营、区域投资及 Teesside 的就业机会创造。
当地官员将该协议描述为一项重要的长期承诺，预计将加强 Teesside 作为 MRO 中心的地位，并有助于机场的财政基础和就业增长。
- 250-year lease secured for 50 acres at Teesside
- Expansion increases MRO capacity and adds a new twin-bay hangar
- Local officials expect hundreds more well-paid jobs tied to expansion
- None.
Insights
WLFC's subsidiary signed a 250-year lease for 50 acres at Teesside, increasing MRO capacity and signalling long-term regional commitment.
Willis Lease Finance Corporation through Willis Aviation Services Limited (WASL) expands physical footprint by securing a
The benefits depend on converting capacity into recurring MRO revenue and sustaining demand from operators; local officials emphasise job creation and airport stability but those outcomes require execution of contracts and sustained utilization of the new space. Key near-term risks include construction timelines, certification and staffing for expanded MRO work, and securing follow-on contracts to fill the additional hangar capacity.
Watch for progress on the new twin-bay hangar commissioning, announcements of specific maintenance contracts using the expanded acreage, and workforce hiring milestones over the next 12–36 months. These milestones will clarify whether the lease translates into durable revenue and regional economic impact.
COCONUT CREEK, Fla., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today that its subsidiary, Willis Aviation Services Limited (“WASL”), a premier provider of aircraft maintenance, repair and overhaul (“MRO”) services, has signed a 250-year lease for an additional 50 acres at Teesside International Airport (“Teesside”) in Northeastern England.
The agreement reflects WASL’s long-term confidence in the Northeast England region and the expansion will increase maintenance, repair and overhaul (“MRO”) 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 Charles F. Willis, WLFC’s Executive Chairman.
Phil Forster, Managing Director of Teesside Airport, said: "WLFC has been a fantastic supporter of Teesside Airport for many years, and this long-lease agreement is a huge step in their commitment to our airport and our region.
“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.
“Teesside is fast becoming the go-to place for aircraft maintenance, repair and overhaul, and we’re taking big strides forward in becoming an ideal one-stop shop for major operators. This is a hugely significant moment for Teesside Airport and a major milestone in securing the airport’s long-term future."
Tees Valley Mayor Ben Houchen said: "When we saved our airport from closure, we did it because it was the right thing to do. We also believed it had the huge potential to bring so many more jobs for local people and more investment.
“Securing more holiday flights will always be vital, and I’ll never lose sight of that, but the airport has always needed to be about much more than that. The airport is now a hive of activity where we are using the land to grow a brilliant business park and making it a place where major international firms can invest and thrive.
“Willis’s decision to make this long-term investment shows both their confidence in Teesside and in our vision for the airport’s future. It’s a hugely important step that will help put Teesside Airport on a more secure financial footing for years to come and bring hundreds more well-paid jobs for people to build their careers here.”
About Willis Lease Finance Corporation
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers worldwide. These leasing activities are integrated with various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation.
Forward-Looking Statements
Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. By their nature, forward-looking statements involve a number of inherent risks, uncertainties and assumptions and are subject to change in circumstances that are difficult to predict and many of which are outside of our control. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed, either expressly or implicitly, in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and natural disasters; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors, as well as the impact of new or increased tariffs; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.
| CONTACT: | Lynn Mailliard Kohler |
| Director, Global Corporate Communications | |
| (415) 328-4798 |
FAQ
What did WLFC announce on Oct. 21, 2025 regarding Teesside Airport?
How will the WLFC lease at Teesside (WLFC) affect MRO capacity?
Does the WLFC Teesside expansion include new facilities or contracts?
What is the term length of the WLFC lease at Teesside International Airport?
Will the WLFC Teesside lease create local jobs, according to officials?
