newstodate.aero
Aug 06, 2019 (newstodate): The Estonian MRO service provider Magnetic MRO will open a second subsidiary in China.
The new business to be based in Guangzhou, will be EngineStands24, an engine stand lease and sales e-platform supporting airlines, MROs and other engine asset owners.
The new subsidiary will be founded jointly with Magnetic MRO's shareholder, Hangxin Aviation Services Co. Ltd. that acquired 100 percent of the stake in the Estonian company in January 2019.
Magnetic MRO's first subsidiary in China, set up in January 2019, MAC Aero Interiors Sichuan is now active in the Chinese market for aircraft interior installations.
The new business to be based in Guangzhou, will be EngineStands24, an engine stand lease and sales e-platform supporting airlines, MROs and other engine asset owners.
The new subsidiary will be founded jointly with Magnetic MRO's shareholder, Hangxin Aviation Services Co. Ltd. that acquired 100 percent of the stake in the Estonian company in January 2019.
Magnetic MRO's first subsidiary in China, set up in January 2019, MAC Aero Interiors Sichuan is now active in the Chinese market for aircraft interior installations.