Magnus Aircraft Signs CNY 65 mln Order

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Hungary's Magnus Aircraft has signed a CNY 65 million order for 50 of its Fusion aircraft with China's Rizhao Wohe Aviation Service, the plane manufacturer said earlier this week according to business daily Világgazdaság.

The order for the airplane, to be delivered within three years, is part of a long-term cooperation agreement with Rizhao Wohe.

Another agreement was signed between the Chinese firm and Magnus Aircraft's Chinese subsidiary, which includes a sales target of 45 aircraft per year in the region.

Rizhao Wohe was established in the Rizhao High-tech Zone in 2003. It is involved in aircraft sales, parts supply, and other aerospace businesses.

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