The Dutch MRO provider will have capacity for Airbus and Boeing widebody aircraft.

The first hangar is expected to be completed by 2025 and will service cargo and passenger airlines operating in the Asia region.

Supply chain and MRO capacity problems have also affected the ability of lessors to transition aircraft on time.

The Irish leasing company had previously owned a stake in the U.S.-based parts specialist since 2017.

Heico Corp. plans to acquire Wencor Group for $2.05 billion by the end of 2023.

The Irish low-carrier’s signed a large order for Boeing 737 Max-10 aircraft powered by Leap-1B engines last week.

Rolls expects to generate 1,200-1,300 civil shop visits—air transport and business aviation—in 2023, compared to 1,044 in 2022.

The MRO provider has reopened a dormant hangar at its helicopter maintenance facility in the south of France.