The university (in southwest Hungary) and Magnus signed an agreement on the cooperation yesterday. The sides will partner in the areas of alternative and hybrid drives, body design and simulation software development, MTI reported.
As the Budapest Business Journal reported earlier, Magnus recently started building a HUF 5.2 billion plant in Pécs. The factory will employ at least 105 people to turn out no fewer than 200 aircraft a year. The government is awarding Magnus Aircraft a HUF 2 bln grant for the investment. Construction of the 7,500 square-meter plant next to the Pécs-Pogány Airport will start in September.
Magnus Aircraft was the first company in the world to develop a two-seat aircraft made from composite materials and capable of aerobatics. It will soon launch an electric version of its aircraft, supported by German engineering company Siemensʼ innovation.