FROM THE PRESIDENT AND CEO
Phillip C. Underwood
With significant growth projected in the aerospace industry over the next five years, the Magellan team is creating a vision of where we want our business to be in 2020. The first stage of Magellan's "2020 Vision" development is underway -- focused on understanding our customers' strategies and aligning our resources and technology for future opportunities.
Euravia to Provide Engine Maintenance, Repair and Overhaul for Petroleum Air Services
Euravia, a subsidiary of Magellan Aerospace Corporation, announced that it has been selected to provide PT6T and PT6C engine maintenance, repair and overhaul for Petroleum Air Services. The contract is expected to generate US $6 million over 3 years. Full story.
Magellan to Partner with Mahindra Aerospace in India
At the Paris Air Show on 18 June, Magellan announced the signing of a Memorandum of Understanding with Mahindra Aerospace, an Indian-based aerospace company, to develop a partnership agreement to offer their mutual customers major structural assemblies, machined components and fabrications. Full story.
Magellan Acquires Euravia Engineering & Supply Co. Limited
Magellan is pleased to announce that it has acquired Euravia Engineering & Supply Co. Limited, an established, UK-based provider of Maintenance, Repair and Overhaul solutions for aircraft and helicopter gas turbine engines.
Magellan Awarded Engine Maintenance Contract Option Year for CF-188 F404
Magellan Aerospace announced the award of an option year related to the contract for engine repair and overhaul ("R&O") of the F404 engine that powers Canada’s fleet of CF-188 Hornet aircraft. The one-year, follow-on option year commenced on 1 April 2015.
MAGELLAN AERO(Toronto: MAL.TO )
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