8 May, 2018: Magnetic MRO and Guangzhou Hangxin Aviation Technology completed the full acquisition and change of shareholder structure by celebrating this milestone with a private ceremony, which took part in Lennart Meri Tallinn Airport.
It is recorded as China’s largest investment deal in Estonia, worth 43 million euros (about 51.43 million US dollars) of equity value. Guangzhou Hangxin Aviation Technology has officially become the parent company and strategic investor of Magnetic MRO to expand its worldwide MRO presence.