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It will move the headquarters to leased offices in Lynnwood and lease a new production facility in Everett about half the size of the vacated space, MTorres Group CEO Juan Albeniz said.

“All the manufacturers have had a downturn. Boeing is one of them. And it has reflected on us,” said Albeniz said in a phone interview Thursday from MTorres Group headquarters in Pamplona, Spain.

But with long-haul international travel still depressed, “The investment level of Airbus in that particular model is now less than it used to be,” Albeniz said.

“Of course, there’s a lot of uncertainty about what speed that will actually happen,” Albeniz added, “It will definitely take years for the kind of automated equipment that we make to be at the level of demand we were at a few years ago.”

But Albeniz said no employees will be laid off due to the sale.