Magellan Aerospace (TSE:MAL) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Magellan Aerospace has signed an MOU with Aequs Private Limited to develop a joint engine MRO (Maintenance, Repair, and Overhaul) business in India, tapping into the region’s rapidly growing aerospace and aviation market. This venture builds on a 15-year successful partnership, with plans to serve both domestic and international markets. The initiative aims to create a cost-effective MRO service facility, leveraging local manufacturing ecosystems and Magellan’s global expertise.
For further insights into TSE:MAL stock, check out TipRanks’ Stock Analysis page.