Willis Lease Finance Corp Expands Operations with Major Lease at Teesside International Airport

On October 21, 2025, Willis Lease Finance Corporation (NASDAQ: WLFC) announced a significant expansion in its operations, signing a groundbreaking 250-year lease for an additional 50 acres at Teesside International Airport in Northeastern England. This move is a testament to the company's long-term confidence in the region and a strategic step toward enhancing its aircraft maintenance, repair, and overhaul (MRO) services capacity through its subsidiary, Willis Aviation Services Limited (WASL).

Charles F. Willis, Executive Chairman of WLFC, emphasized the importance of this acquisition, stating, “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.” This commitment not only showcases WLFC's growth plans but also highlights its ambition to strengthen the UK’s aviation sector.

Phil Forster, Managing Director of Teesside Airport, expressed enthusiasm over the agreement, noting that WLFC has been a longstanding supporter of the airport. He remarked, “This long-lease agreement is a huge step in their commitment to our airport and our region.” Forster pointed to the recent launch of a new twin-bay hangar and the various new maintenance contracts secured over the past year as indicators of WLFC's serious intentions to grow its presence in Teesside.

The airport is rapidly establishing itself as a leading destination for aircraft MRO services, positioning itself as a one-stop shop for major operators. Forster described this development as a momentous occasion for Teesside Airport, which is pivotal for its long-term viability.

Tees Valley Mayor Ben Houchen also weighed in on the significance of WLFC’s commitment, reflecting on the airport's transformation since its near closure. He stated, “Willis’s decision to make this long-term investment shows both their confidence in Teesside and in our vision for the airport’s future.” Houchen emphasized that this investment is crucial for securing the airport's financial stability for years to come, which could lead to the creation of hundreds of well-paid jobs for the local workforce.

The mayor highlighted the airport's evolution into a center of activity, where land is being utilized to develop a robust business park, attracting major international firms. This aligns with the broader goal of revitalizing the local economy and enhancing the community's employment prospects.

Willis Lease Finance Corporation is a leading lessor of commercial aircraft engines and a global provider of aviation services. The company’s operations include leasing large and regional spare commercial aircraft engines, auxiliary power units, and aircraft to various clients, including airlines and MRO providers. Its service offerings encompass a wide array of aviation-related services, ensuring comprehensive solutions for its customers.

The recent lease at Teesside International Airport marks a pivotal moment in WLFC’s growth trajectory, reinforcing its role as a key player in the aviation industry while contributing positively to the local economy and job market. As the company continues to expand its footprint, it remains focused on providing innovative solutions and supporting the sustainable growth of the aviation sector.