Willis Aviation Secures Strategic Partnership with Jet2.com
Willis Aviation Services Limited Partners with Jet2.com
In a significant move to accelerate its aviation services, Willis Lease Finance Corporation (NASDAQ: WLFC) has announced an exciting new partnership through its subsidiary, Willis Aviation Services Limited (WASL). This collaboration with Jet2.com, a leading leisure airline, involves securing two dedicated base maintenance lines for upcoming operational seasons.
Growth Through Successful Collaboration
This partnership builds on the success that WASL had with Jet2 earlier, where a single maintenance line was performed this year. Due to the exceptional performance and capabilities demonstrated by the team at WASL in Teesside, Jet2.com decided to expand the collaboration by adding a second maintenance line. Both lines will be operated from WASL’s cutting-edge facility at Teesside International Airport.
Meeting Increased Demand for Aircraft Maintenance
With aircraft maintenance services rapidly becoming essential across the UK and Europe, WASL’s recent expansion efforts at Teesside are expected to enhance service capacity significantly. This growth is pivotal in catering to the increasing demand for heavy maintenance checks, transitional activities, and painting services for airlines and lessors worldwide. Furthermore, the new facility is anticipated to generate numerous skilled jobs, fostering a pipeline of talent dedicated to meeting both immediate and long-term needs in the aviation sector.
Leadership Commitment to Community Growth
CEO Austin C. Willis expressed great enthusiasm for the ongoing relationship with Jet2, noting, “We are thrilled to continue our work supporting Jet2’s fleet at our expanding Teesside facility. Our investment in this location not only strengthens our service delivery but also demonstrates our commitment to fostering local economic growth and creating skilled employment opportunities within the UK aerospace industry.”
Jet2.com’s Perspective on the Partnership
Chris Hubbard, Director of Engineering & Maintenance at Jet2.com, expressed satisfaction with WASL's performance, stating, “We are pleased with WASL’s engagement and performance with its base maintenance services. We uphold the highest standards of safety and operational excellence for our customers, and we look forward to furthering our partnership with WASL in the upcoming seasons.”
About Willis Lease Finance Corporation
Willis Lease Finance Corporation (“WLFC”) operates as a prominent player in the aviation leasing industry, specializing in leasing commercial aircraft engines, auxiliary power units, and aircraft. The company provides its services globally to airlines, aircraft manufacturers, and MRO providers. While engaging in leasing activities, WLFC also participates in engine trading, engine lease pools, and asset management through Willis Asset Management Limited. Their offerings include comprehensive maintenance services provided through Willis Engine Repair Center, Jet Centre by Willis, and Willis Aviation Services Limited, encompassing Part 145 maintenance, aircraft storage solutions, and even ground handling operations. The company also focuses on sustainability with initiatives aimed at decarbonizing aviation through its Willis Sustainable Fuels division.
Frequently Asked Questions
What is the significance of Willis Aviation's partnership with Jet2.com?
This partnership signifies a deepening collaboration that aims to enhance maintenance services for Jet2's fleet, reflecting both companies' commitment to operational excellence.
Where is Willis Aviation Services Limited's new facility located?
The new facility is strategically located at Teesside International Airport, designed to support increased maintenance activities.
How many maintenance lines has Jet2.com secured?
Jet2.com has secured two base maintenance lines with Willis Aviation Services Limited for the upcoming operational seasons.
What are the anticipated benefits of this partnership?
This partnership is expected to boost employment opportunities, enhance service quality, and meet the growing demand for aircraft maintenance in the region.
What role does WLFC play in the aviation industry?
WLFC is a leading lessor of commercial aircraft engines and services, providing vital support to airlines and MRO providers worldwide.
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