Monarch Aircraft Engineering - part of the Cosmos and Monarch Airlines is creating 300 jobs at Birmingham Airport to service aircraft. The engineering arm of the group has been servicing aircraft since 1967.
It's going to build a hangar one and a half times the size of Wembley football pitch to accommodate the largest planes in service including the Dreamliner 787.
The company won't just service its own aircraft but will service planes operated by other airlines including Emirates and American Airlines. The hangar will be built at the old Birmingham airport site at Elmdon.
Building work will start in January and it'll be operational by 2013.
More top news
Dry, bright start, but cloud building throughout the day, before a band of rain heads in later.
As the cloud takes over, it will be bringing some rain with it too.
The nephew of one of two dentists from who drowned in the Mediterranean sea off Malta, has described them as the most humble of men.