New Aeroplex Hangar Inaugurated in Budapest

The new hall will create almost 200 new jobs and significantly increase the company's capacity, Aeroplex's Managing Director, Árpád Demény said at the opening event. It is just as important that the development would enable them to offer airlines exceptional services at a European level, he added.

According to Aeroplex, the construction of the 8,000-square-meter hangar, which can also be used for the maintenance of wide-body aircraft, cost HUF 10 billion forints. The investment received government support, the state news agency MTI reports.

The Aeroplex Central European Aircraft Technical Center Ltd. is an aircraft maintenance company based at Budapest’s Ferenc Liszt International Airport. The company was established in 1992 as part of Malév Hungarian Airlines and became a partly owned subsidiary. After the airline's dissolution in 2012, it continued as an independent company, but had to be reorganized in 2016 due to losses.

The company, which is now wholly state-owned, closed 2019 with a net turnover of HUF 11.7 billion and 2020 with a net turnover of HUF 15.2 billion. Almost half of this revenue came from foreign sales before last year. Profit after tax was HUF 491.5 million forints the year before last and HUF 375.3 million last year, according to the public accounts.