Magellan Aerospace (TSE:MAL) has released an update.
Magellan Aerospace has signed an MOU with Aequs Private Limited to develop a joint engine MRO (Maintenance, Repair, and Overhaul) business in India, tapping into the region’s rapidly growing aerospace and aviation market. This venture builds on a 15-year successful partnership, with plans to serve both domestic and international markets. The initiative aims to create a cost-effective MRO service facility, leveraging local manufacturing ecosystems and Magellan’s global expertise.
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