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Aviation News Magnetic MRO aquired by Hangxin

Magnetic MRO aquired by Hangxin

Romain Guillot
17 JAN 2018 | 93 words
Estonian independent maintenance company Magnetic MRO announced on January 3 that it will be fully acquired by Guangzhou Hangxin Aviation Technology (Hangxin).

The transaction, which should be finalized next March, is estimated at 43 million euros.

Magnetic MRO has so far been mainly owned by BaltCap, a Baltic-owned investment and venture capital firm. Guangzhou Hangxin Aviation Technology is a private company established in Guangzhou in 1994 to meet the growing needs of Chinese air transport.

Hangxin has been one of the first authorized centers to provide services for Boeing in China.



Romain Guillot
Chief editor
Cofounder of Journal de l'Aviation and Alertavia


 
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