YPSILANTI, MI – RACER Trust announced that is has sold the former General Motors Willow Run Company Vehicle Operations facility at 2901 Tyler Road, Ypsilanti, MI to International Turbine Industries for an undisclosed price.
International Turbine Industries is an aircraft maintenance company. They already have an existing facility at 2890 Tyler Road and the property they have just acquired from RACER is located directly across the road at 2901 Tyler Rd in Ypsilanti, MI.
The company plans to invest $50,000 or more on repairs and improvements to the 23,000-square-foot building, which sits on 22 acres and they expect to create new 25 jobs over the next five years at the facility.
International Turbine Industries has their primary offices located just outside of Willow Run Airport but they also have a second location in Florida at the Fort Lauderdale Executive Airport.
The company specializes in engine repair, overhaul and inspection on TFE731, JT15D, CF700/CJ610/J85 and, soon to be added, CF34 engines for corporate and other private jets.
RACER announced the sale agreement with ITI in 2013, but just closed the sale.