Business
AI
Estonia Boosts Aviation Maintenance Capacity with New €14M Hangar
Aircraft maintenance company Magnetic MRO opened its new Tallinn facility, capable of servicing three medium-sized aircraft simultaneously, following a nearly €14 million investment from Airport City that is set to create 80 new skilled positions.
- —Aircraft maintenance company Magnetic MRO has inaugurated a new, larger maintenance facility in Tallinn, Estonia, significantly increasing its aircraft servicing capacity.
- —The new hangar, which can house up to three medium-sized aircraft, is expected to boost Estonia's aircraft maintenance and repair capabilities by one-third and create 80 new skilled jobs.
- —The expansion was supported by an investment of nearly €14 million from Airport City, the real estate development arm of Tallinn Airport, as part of a broader development of the airport's southern commercial zone.
- —Magnetic MRO, owned by Chinese company Hangxin, plans further expansion, including a larger engine shop capable of servicing up to 12 engines simultaneously, which would create an additional 60 jobs.
- —The company's CEO noted that while Magnetic MRO operates globally, the work performed in Estonia is the most complex within the group, with plans to potentially expand engine shop capacity to meet significant global demand.
Recap
The opening of Magnetic MRO's new hangar is a strategic expansion for Estonia's high-value aviation sector, not merely an infrastructure upgrade. It demonstrates a successful public-private investment model that overcame significant cost inflation which had derailed earlier plans. This development solidifies the country's niche in complex aircraft maintenance within a global network and positions it to capture a larger share of a growing international market.