Magnus Aircraft Signs CNY 65 mln Order
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.