Teesside International Airport Expands with £13.5 Million Aircraft Hangar

Strategic Insights -

Teesside International Airport has marked a major milestone with the official opening of a £13.5 million aircraft hangar, the largest single private investment at the airport in decades. The 60ft-high twin-bay facility, built by Willis Aviation Services Limited (WASL), will service Boeing 737 and Airbus A320-family aircraft, including next-generation models. The investment is part of Willis Lease Finance Corporation's (WLFC) expanding operations at the airport, which also includes a sustainable aviation fuel project in development.

Key Takeaways:

  • The new £13.5 million aircraft hangar at Teesside International Airport marks the largest single private investment at the airport in decades.
  • The facility was built by Willis Aviation Services Limited (WASL) and will service Boeing 737 and Airbus A320-family aircraft, including next-generation models.
  • The investment is part of Willis Lease Finance Corporation's (WLFC) expanding operations at the airport.
  • The hangar was constructed by North East-based S&A Fabrications and is part of a broader package of infrastructure improvements backed by the Tees Valley Mayor and Combined Authority.
  • Willis Lease Finance Corporation (WLFC) and its subsidiary, Willis Sustainable Fuels (UK) Limited, are also working to develop a sustainable aviation fuel project in Teesside.
  • The airport is experiencing broader growth, with aircraft painting company Airbourne Colours nearing completion of its second hangar and aviation and technology firm Draken securing a £173 million Ministry of Defence contract.
  • Draken has applied for planning permission to build an additional hangar at the airport.

Statistics:

  • £13.5 million: The value of the new aircraft hangar at Teesside International Airport.
  • 60ft-high: The height of the twin-bay facility.
  • Boeing 737 and Airbus A320-family: The aircraft that the new hangar will service, including next-generation models.
  • £173 million: The value of the Ministry of Defence contract secured by aviation and technology firm Draken.
  • 2030: The year by which Draken will remain on site due to its contract with the Ministry of Defence.
  • 2: The number of hangars being built by aircraft painting company Airbourne Colours at Teesside Airport.

Sources:

  • "New £13.5m aircraft hangar opens at Teesside International Airport as major expansion gets underway." (Teesside Live, October 13)
  • "Tees Valley Mayor welcomes new aviation investment as Teesside Airport's expansion takes flight." ( Tees Valley Mayor, October 13)
  • "Teesside Airport: New £13.5m hangar marks major expansion for Willis Aviation Services Limited." (Business Up North, October 13)