Brexit: Magnetic MRO moves subsidiary from the UK to Estonia

Published: 05-03-2020 Brexit: Magnetic MRO moves subsidiary from the UK to Estonia

Mar 05, 2020 (newstodate): Changes in the economic environment in the United Kingdom caused by Brexit are felt also in the aviation industry.
   As one example, MAC Aero Interiors, a UK-based subsidiary of Magnetic MRO, has now moved its production facility to Tallinn, Estonia.
   The new facility completed in January 2020 and opened for business from March 4, 2020, is now benefiting from the global network of Magnetics' overall infrastructure in Tallinn.
   MAC Aero Interiors Ltd. remains the supplier and holder of its contractual obligations, while production is now performed at MAC Aero Interiors Ltd parent company Magnetic MRO facility.
   -This strategic decision is the outcome of an increased level of indecisiveness in the UK market. Therefore, Magnetic MRO has already extended its POA, DOA and Part-145 certificates to cover Mac Aero Interiors product portfolio in full, says Marko Manniste, MAC Aero Interiors Managing Director.
   Established in 1995 and formerly known as Air Maintenance Estonia, Magnetic MRO was acquired in 2018 by China’s Guangzhou Hangxin Aviation Technology.

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