Reading Time: < 1 minute Magnetic MRO, a global Total Technical Care maintenance and asset management organisation, has announced change in its shareholder structure. Its major shareholder, a private equity firm BaltCap, together with minority shareholders, are selling 100% of the shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (“Hangxin”). Magnetic MRO has grown over the past 5 years […]

Reading Time: 2 minutes Pratt & Whitney, a division of United Technologies Corp., announced that it will invest approximately $386 million in its Columbus, Georgia, facility to increase the production of parts and maintenance services and to reduce costs for new and existing engine programs. The investments will go toward the purchase of automated machinery and equipment upgrades and […]

Reading Time: < 1 minute Estonia headquartered Magnetic MRO, has opened a new warehouse at Gatwick International Airport, UK; reflecting the continuous expansion of its business and the growing demand from customers. This new facility will allow Magnetic MRO to provide its customers inventory and product availability as well as short shipping times due to the locational advantage of MAC […]

Reading Time: 8 minutes Group records 28th consecutive year of profit, and new record profit of AED 8.2 billion (US$ 2.2 billion) Steady business growth in line with capacity increases, significant investment in the business at AED 17.3 billion (US$ 4.7 billion) Declares a dividend of AED 2.5 billion (US$ 681 million) to the Investment Corporation of Dubai. Emirates […]