Hungary’s Magnus Aircraft Ltd. is set to commence a EUR 175 million project to construct an 18,000-square-meter aircraft manufacturing complex in Wuxi, China. The project, largely funded by the Chinese government, will incorporate a development center, a composite plant, an assembly plant, a maintenance unit and a showroom. The showroom at a local airport is projected to be completed within six months. Expected to generate 300 jobs, the project also promises significant roles for Hungarian personnel. Magnus Aircraft has been exploring the Chinese market since 2017, with the current investment leading to assembly and development initially. The green light for this project was facilitated by the type certification of the Magnus Fusion aircraft by the Civil Aviation Administration of China in 2022. Additionally, a long-term agreement with Rizhao Wohe Aviation Service Co., Ltd. was signed, which includes an order for 50 Fusion aircraft worth approximately EUR 8.2 million, to be fulfilled over three years.
Source: dailynewshungary.com
