A new aircraft hanger is to be built at Birmingham Airport for Monarch, creating up to 300 jobs.
Commenting on the expansion plans, Birmingham Airport's chief executive Paul Kehoe said:
"We are delighted to have been chosen as the airport for Monarch Group's UK engineering expansion, following the growth of its flight operation in Birmingham this year.
"The decision to create this state-of-the-art facility in the West Midlands demonstrates Monarch's long-term commitment to the region, creating job opportunities for skilled engineers and young people looking to start a career in aircraft maintenance."
Caroline Spelman, MP for Meriden, which includes Birmingham Airport, said:
"The creation of 300 jobs through this facility and the opportunities for apprentices is a vote of confidence in the airport and the great heritage in engineering our area has."
More top news
The British manufacturing giant - which is worth £13bn - is to make voluntary payments to settle cases across the world.
Sean Williams died after being struck by a car after he ran across two lanes of traffic while the lights were on green.
The accident happened on the A46 in Drayton, near to Wildmoor Spa, at around 12.30pm.